Is the “Broken Windows Fallacy” Pure Fallacy?

by Little Miss Attila on March 12, 2011


Sasha Volokh argues that it isn’t.

I think that’s because money is downright weird: sometimes, to get enough of it to get things done, you need to have a bunch of it–as if you were picking bits of playdough up off of the kitchen table with a large glob of play dough. And sometimes, you need a complete absence of it–as if you were getting the vacuum cleaner out to whoosh! up all those bits of capital.

That’s my new economic theory; it may not be ready for prime time.

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