Tuesday, June 30, 2009

Why not just break some windows?

Wednesday is minimum wage increase day in Kentucky. The economic illiterates at Kentucky Youth Advocates couldn't be more thrilled. So how, exactly, does the government forcibly taking money from some people and giving it to other people benefit the state's economy?

Obviously, it doesn't.

Falling for the broken window fallacy is great politics, but the math is not much different than that supporting Obamanomics.