What topic should we do next in Everyday Economics?

← Everyday Economics - Suggest a New Topic

Please explain the broken window fallacy and how it can be used to explain the hidden costs of price fixing, minimum wages, and inflation.

I think it is a good idea to remind people to look beyond the impact of those immediately affected by a specific government policy. It is easy to see employment in an industry that is protected by tariffs. However, it is not easy to see how that impacts job creation in other industries, government revenues, wages, productivity, and standards of living (for instance).

175 votes
Vote
Sign in
(thinking…)
Sign in with: Facebook Google
Forgot password?
Create a password
Signed in as (Sign out)
Close
Close
You have left! (?) (thinking…)
Justin Matz shared this idea  ·   ·  Flag idea as inappropriate…  ·  Admin →

6 comments

Sign in
(thinking…)
Sign in with: Facebook Google
Forgot password?
Create a password
Signed in as (Sign out)
Close
Close
Submitting...
An error occurred while saving the comment

Everyday Economics - Suggest a New Topic

Categories

Feedback and Knowledge Base

(thinking…)