I just watched David Mark of Politico say on MSNBC that there is no positive side to the closing of auto dealerships. No positive side? What about the freeing up of labor and resources for projects that will create -- rather than destroy -- value?
It is outrageous -- though hardly new -- that major news organizations have reporters covering economic news without knowing even the most basic concepts of economics -- such as scarcity!
Is ignorance of Bastiat's "broken window" fallacy that widespread?
