Broken Window Award
July 12, 2005 Leave a comment
July 11, 2005
An Economic Ignorance Award
Posted by Butler Shaffer at July 11, 2005 01:14 AM
It is only a matter of time before some nitwit with access to a television camera stumbles onto a news show to announce how beneficial the present hurricane will be to the economies of Florida, Alabama, and other southeastern states. “Think of all the homes and businesses that will have to be rebuilt,” this ignoramus will advise.
I propose the establishment of an award – akin to the “Darwin” and “Stella” awards – to give due recognition to the propagators of such economic ignorance. In honor of one man who did so much to deflate such skewed reasoning, I suggest calling this the “Frederic Bastiat Award.” No one need apply for this award: we’ll find you!
I wrote him:
I like your idea, but I hate the idea of associating Bastiat’s name with these idiots.
How about The Broken Window Award?
It suggests itself to an easily identifiable award statue or medal, doesn’t it?
For more on Bastiat, see here.