Topic: broken window fallacy explained and applied
heavenlyboy34's photo
Wed 08/04/10 12:17 PM
This is one of the nicest animations that explains Bastiat's broken window fallacy in layman english and applies it as well. This is one of the most important and relevant concepts in modern economics.

Happy learning! :banana:

http://www.youtube.com/watch?v=QG4jhlPLVVs&feature=player_embedded