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Government Spending Creates Wealth? The Most Persistent Economic Fallacy of All Time
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Aug 31, 2009

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Dr. Mark J. Perry

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At a 1978 lecture, Milton Friedman talk about government spending and explains one of the greatest economic fallacies of all time, essentially another version of Bastiat's "broken window fallacy."

HT: Drew Suder

Originally posted at Carpe Diem.


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