Disastrous Economic Fallacies - Terror as Stimulus?

Do natural disasters, earthquakes, or wars stimulate an economy and create growth?

Tom G. Palmer

Tom G. Palmer is a Senior Fellow at the Cato Institute, director of the Institute’s educational division, Cato University, Executive Vice President for International Programs at Atlas Network, and author of Realizing Freedom: Libertarian Theory, History, and Practice, among other works.

Did World War 2 get the US out of the Great Depression? Frederic Bastiat explained why such thinking is fallacious. More information on the Bastiat Legacy Project is available here, and for more videos like this check out the Atlas Network’s Vimeo page here.