Thursday, February 11, 2010

Cafe Hayek Anticipates Rampant Fallacy Commission

Russ Roberts sends out a call to be on the lookout for instances of the "broken window fallacy" in the media. For the Baseball household the broken window fallacy is really the "fallen tree fallacy". The dense snow-pack weighing down the branches was too much for a 30-foot tall Cypress, and now $200 of Baseball family resources will go to a tree removal enterprise that might have gone to a local wine merchant, toy store, or ladies apparel concern.

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