Can you spot the economic fallacy on which this (very funny) Onion News Network clip is based (Warning: explicit language, fake news)? The answer is in the comments.
Economists Warn Anti-Bush Merchandise Market Close To Collapse
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1 comment:
The "economist" is assuming that the market is static when, in actuality, it is a dynamic process.
Creative destruction. Creative destruction. Creative destruction.
When one business goes under, resources are freed up and other ventures get off the ground.
My prediction: The anti-Bush industry will rapidly transform into the anti-McCain or anti-Obama industry (depending on the outcome of the election).
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