3 Comments
  1. Dave Holden says

    “Broken Windows, Part I: The Pain of Hard Choices”   http://silasx.blogspot.com/2011/12/broken-windows-part-i-pain-of-hard.html

    “Let’s go back to the original Bastiat thought experiment about the broken window. Ask yourself this: Why are we assuming the window will be fixed at all?…”

    “…So here we see the crucial, unappreciated factor: the obviousness
    of certain production decisions. What these thought experiments —
    carefully constructed to make a different point — actually prove is the
    importance of being able to confidently decide what is the best use of
    resources. And we can step back and see the same dynamic in very
    different contexts.”

  2. fresno dan says

    Nice link Mr. Holden.
    Or put another way, Solyndra

  3. asterix says

    A prophetic interview from 1994: http://video.google.com/videoplay?docid=5064665078176641728&hl=en

    I have seen this video before (it’s from 1994), but i came across it today (http://whataboutmarx.blogspot.com/2012/01/echoes-of-past-who-are-john-stapleton.html), and i thought i should share it.

    In the video , Sir james Goldsmith talks about China and the decay of the West 17 years ago. Well worth your time

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