Frederic Bastiat is well known for his 'broken window' parable. 'What is seen' is plain enough: the broken window. 'What is not seen' requires some imagination and curiosity, but is nonetheless real: the things not purchased because the money had to be used for the window, and other unintended consequences.
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Frederic Bastiat is well known for his 'broken window' parable. 'What is seen' is plain enough: the broken window. 'What is not seen' requires some imagination and curiosity, but is nonetheless real: the things not purchased because the money had to be used for the window, and other unintended consequences.
Read Less