# @peterschiff on Instagram

- **Type:** Image
- **Original URL:** https://www.instagram.com/p/Cz3kA-EMsM4
- **Gondola URL:** https://gondola.cc/posts/9993999-peterschiff-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/thumbnails/687b585f63.jpg
- **Posted:** 2023-11-20T12:39:30.000+00:00

## Caption

President #Biden's latest #military #aid package as economic #stimulus is a classic example of the 'broken window fallacy.' It's a #Keynesian #illusion. We focus on what's seen - #jobs & #production for missiles & artillery. Ignored is what's unseen: the economic activities foregone due to these expenditures. Every #dollar spent on #war materials is a dollar not spent enriching our economy in productive ways. Destruction isn't progress. It's time we stop mistaking war spending for genuine economic growth. 

Read the full article schiffgoldnews SchiffGold.com #Economics101

## Stats

- **Views:** 0
- **Likes:** 1,790
- **Shares:** 0
- **Comments:** 38

## Tags

stimulus, military, keynesian, economics101, dollar, aid, illusion, production, jobs, biden, war

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