Comment on Krugman: Internet’s Economic Impact No Greater Than Fax Machine (1998)parentComments−hyperpape9yYour example of the trench is a textbook example of the broken windows fallacy. Digging a trench and filling it up may increase GDP when unemployment is low. It will reduce it when you're near full employment.
Comments
Your example of the trench is a textbook example of the broken windows fallacy. Digging a trench and filling it up may increase GDP when unemployment is low. It will reduce it when you're near full employment.