BY DOMINIC WIGHTMAN The Broken Window fallacy – Henry Hazlitt’s take on Frédéric Bastiat’s essay in Economics in One Lesson – is one of the most basic yet oft forgotten economic lessons known to man. Labour’s manifesto yesterday exemplifies the stupidity or cynicism of certain politicians who continue to promulgate that government spending stimulates the economy. It’s the policy of the heroin addict who cannot … Continue reading Labour’s Broken Window Economics