Libertarians and members of the Austrian School apply it to things such as war, citing that despite its role as an economic stimulus, it is still a destructive force.
Libertarians and members of the Austrian School apply it to things such as war, citing that despite its role as an economic stimulus, it is still a destructive force.* Henry Hazlitt and its creator, Frederic Bastiat, claim that special interests are analogous with the glaziers, citing both Robert Heinlein's acronym TANSTAAFL and the economic concepts of hidden or opportunity costs. FTP, name this concept created by Bastiat to illustrate the concept of hidden costs, which is told through a parable in which a boy breaks something, causing work for people all across town.
Libertarians and members of the Austrian School apply it to things such as war, citing that despite its role as an economic stimulus, it is still a destructive force.
Broken Window Fallacy or Parable of the Broken Window