Join Nostr
2026-10-12 16:51:07 UTC

Gusto on Nostr: The broken window falasy ...

The broken window falasy
A kid breaks a window. the glazier gets paid. the keynesian says great, that's spending, that's growth

nobody asks what the shopkeeper would have bought with that money instead. a suit. a new oven. the window is visible. the suit that never got made is not

the economy didn't grow. it got a window back and lost a suit. you can count the window in gdp. you can't count the suit anywhere. that's the whole trick