Free Market
Author:
Christopher Westley
Online Publish Date:
The Free Market 26, no. 3 (March 2005) I didn’t think anyone would dare to apply Bastiat’s Broken Window fallacy to the human tragedy that played itself out along the rim of the Indian Ocean, but sadly, faith in economic fallacies is even more common than deadly tsunamis. Many economists mistakenly believe taxation can be good for economic