On September 14, 2001, Princeton professor Paul Krugman, who won the Nobel prize in economics, wrote the following in the New York Times: "Ghastly as it may seem to say this, the terror attack -- like the original day of infamy, which brought an end to the Great Depression -- could even do some economic good." Paul Krugman is what's known as a Keynesian because he believes in John Maynard Keynes's "miracle... of turning a stone into bread." (Keynes wrote a popular economics book called The General Theory of Employment, Interest and Money.) Frédéric Bastiat referred to this "miracle" as the broken window fallacy.
Is borrowing and printing money in order to spend it on government programs (i.e., the recent stimulus packages) helpful or harmful to an economy? Are disasters, war, terrorism, etc. beneficial to society because they lead to economic growth? Does destroying things in order to rebuild them create wealth or destroy wealth?
John Stossel's Broken Window Fallacy
DISCUSS!
Original posting by Braincrave Second Life staff on Aug 6, 2010 at http://www.braincrave.com/viewblog.php?id=284
We all admire beauty, but the mind ultimately must be stimulated for maximum arousal. Longevity in relationships cannot occur without a meeting of the minds. And that is what Braincrave is: a dating venue where minds meet. Learn about the thoughts of your potential match on deeper topics... topics that spawn your own insights around what you think, the choices you make, and the actions you take.
We are a community of men and women who seek beauty and stimulation through our minds. We find ideas, education, and self-improvement sexy. We think intelligence is hot. But Braincrave is more than brains and I.Q. alone. We are curious. We have common sense. We value and offer wisdom. We experiment. We have great imaginations. We devour literacy. We are intellectually honest. We support and encourage each other to be better.
You might be lonely but you aren't alone.
Sep, 2017 update: Although Braincrave resulted in two confirmed marriages, the venture didn't meet financial targets. Rather than updating our outdated code base, we've removed all previous dating profiles and retained the articles that continue to generate interest. Moving to valME.io's platform supports dating profiles (which you are welcome to post) but won't allow typical date-matching functionality (e.g., location proximity, attribute similarity).
The Braincrave.com discussion group on Second Life was a twice-daily intellectual group discussions typically held at 12:00 PM SLT (PST) and 7:00 PM SLT. The discussions took place in Second Life group chat but are no longer formally scheduled or managed. The daily articles were used to encourage the discussions.