[MD] scatological economics

[David M]

Hi Craig

And the tailor can now use the $100 to make two suits both
costing $50 to make like the first one and so he is a whole suit better
off, hence the trade benefits created by war. Where did you find this dumb
author?

David M


----- Original Message ----- 
From: <craigerb at comcast.net>
To: <moq_discuss at moqtalk.org>
Sent: Friday, November 17, 2006 7:57 PM
Subject: Re: [MD] scatological economics


>A parable:
> I have a window & $100, which I am going to spend for a new suit.  Someone 
> throws a rock through my window destroying it.  So I take the $100 to the 
> glazer for a new window & he takes the $100 to the tailor for a new suit. 
> Do the math:  at the start, I had a window & $100; the glazer had a window 
> & the tailor had a suit.  In the end:  I have a window; the glazer has a 
> suit & the tailor has $100.  What's the difference?  One window.  [adapted 
> from Frederic Bastiat (recommended author).]
> Of course, it has to be that way or we could increase our wealth by going 
> around breaking windows.
> War is like that.
> Craig
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