Mises Daily
Author:
D.W. MacKenzie
Online Publish Date:
Recent posts on the Becker-Posner blog consider possible silver linings to depressions. In particular, Richard Posner claims that there are positive aspects to depressions. At first glance, the idea that depressions have a good side might seem to entail the broken-window fallacy. It would therefore seem that Judge Posner has fallen into error.