March 22, 2010 11:41AM

Rat Falls Back on the Broken Window Fallacy

In Sunday's "Pearls Before Swine" comic strip, the nefarious Rat is now a PR flak. And when his client accidentally blows up downtown, he comes up with a solid economic defense:

Pearls Before Swine



Go here for Frederic Bastiat's original explication of the "broken window fallacy," and for way too much detail, go to Wikipedia. John Stossel breaks some windows here and talks to Walter Williams about the implications.