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Bad Thoughts

(2,514 posts)
8. The Broken Windows Fallacy
Thu Oct 29, 2020, 09:23 AM
Oct 2020

The fact that repairing broken windows leads to some economic growth does not mean that prosperity can be reached by breaking all the windows.

7.9? It was 33.1 in Q3 Johnny2X2X Oct 2020 #1
I don't know. I am listening to MSNBC and morning Joe said that number. Claustrum Oct 2020 #2
7.9 for the quarter; annualized rate of 33.1. lagomorph777 Oct 2020 #3
yeah...restoring lost jobs is NOT growth. there's NO WAY that 7.9% quarterly number is sustainable Roland99 Oct 2020 #9
Right; in other words, it can't be "annualized" because it won't hold up for a year. lagomorph777 Oct 2020 #10
I don't think that many people actually know what the GDP is... agingdem Oct 2020 #6
You dig a hole in the middle of the road and only partly refill it C_U_L8R Oct 2020 #4
Good analogy! One thing trump very successful at. He controls Laura PourMeADrink Oct 2020 #7
It's like scoring a touchdown after giving up 10. Ok, so now losing only 70-7. unblock Oct 2020 #5
The Broken Windows Fallacy Bad Thoughts Oct 2020 #8
But Trump thinks if you break all the windows, then burn down the house, you get bigly growth. lagomorph777 Oct 2020 #11
Technically, yes, but you are not increasing wealth Bad Thoughts Oct 2020 #13
Right! lagomorph777 Oct 2020 #16
I wouldn't worry about it Renew Deal Oct 2020 #12
KnR Sedona Oct 2020 #14
A quick search reveals GDP may be calculated in 3 different ways Clearly fogged in Oct 2020 #15
Percentage growth or decay is based on the previous measurement central scrutinizer Oct 2020 #17
Because they want that horserace durablend Oct 2020 #18
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