Association Health Plans

Given by a lecture by Dr. Milton Friedman in Erie, Pennsylvania (1978). This is essentially a repeat of the 'parable of the broken window. " This fallacy has been known since at least 1850, when French theorist Frédéric Bastiat published a brochure entitled: "The what you see and not what is seen." You can read it here: tiny.cc It was popularized in 1946 by economist Henry Hazlitt, in an important book called "Economics in One Lesson". It can be downloaded for free from the InternetFoundation for Economic Education here: www.fee.org John Stossel has a nice little video of this fallacy in the guise of so-called "green jobs". Watch it here: www.youtube.com Stossel also has a great article about this fallacy under a different guise, still known as "cash for clunkers". Read it here: www.realclearpolitics.com also shows a new report by Edmunds, it cost the American taxpayers give $ 24,000 $ 4,500 off! features.csmonitor.com by CNN Money / Fortune Magazine (November 17, 2009): "Cashfor clunkers. It was a well-intentioned plan is to increase consumer confidence, spur fuel efficiency, jump-start the car industry, and create American jobs. Instead, disproportionately benefited foreign automakers, which may produce less North American auto jobs per dollar than the Detroit Three. And sales came mostly from the inventory does little to increase production and jobs. What is more, by junking clunkers, the program removes many low-end cars in theUsed-car …