Government 1B: Lesson 35 What are some of the factors that have contributed to rising health-care costs in the United States? It is no secret that WWI & WWII changed the lives of millions and generations to follow. Not only were countless lives lost, but every sphere of life was dramatically affected and permanently changed. … Continue reading The Effects of WWII and the Invention of Healthcare
Tag: The broken window fallacy
An Example of the Broken Window Fallacy
Economics: Lesson 125 An example of the broken window fallacy as applied to a government intervention. The broken window fallacy is all about seeing the thing unseen. Government is often at fault for taking taxes and using them for things that are not necessary but are easily seen by the public. If taxpayers were able … Continue reading An Example of the Broken Window Fallacy
Seeing the Unseen | The Broken Window Fallacy
Economics: Lesson 115 Imagine you are walking down a cobblestone street in a city, and on that street is a bakery shop with a big front window where all the tasty treats and pastries are on display to lure customers in. A young hooligan comes along and chucks a brick into the bakery window, shattering … Continue reading Seeing the Unseen | The Broken Window Fallacy