M2RB: Bob Dylan
Broken lines, broken strings, broken threads, broken springs
Broken idols, broken heads, people sleeping in broken beds
Ain’t no use jivin’, ain’t no use jokin’
Everything is broken
Broken idols, broken heads, people sleeping in broken beds
Ain’t no use jivin’, ain’t no use jokin’
Everything is broken
"We helped to provide, I think, some stop-gaps, and what I think about
is, those two million people who would’ve lost their unemployment
insurance — because think about it, all that money that goes out in
terms of what’s being spent by that unemployment check, helps to
generate two additional dollars back in the community so small
businesses, everyone continues to keep their jobs, so, I can’t give you
an exact figure but I’ll tell you that just by the movement the
president made, we saved millions and millions of jobs."
- Hilda Solis, Secretary of Labour, CNBC, 4 January 2013
"This is exactly right. The Secretary is correct that giving people money to spend stimulates the economy. The effect is the exact same as a tax cut."
JoeShmoe99, Labor Sec Solis: All of these unemployment benefits have saved millions of jobs, you know, 4 January 2013
JoeShmoe99, Labor Sec Solis: All of these unemployment benefits have saved millions of jobs, you know, 4 January 2013
Have you ever been witness to the fury of that solid citizen, James
Goodfellow, when his incorrigible son has happened to break a pane of
glass? If you have been present at this spectacle, certainly you must
also have observed that the onlookers, even if there are as many as
thirty of them, seem with one accord to offer the unfortunate owner the
selfsame consolation: "It's an ill wind that blows nobody some good.
Such accidents keep industry going. Everybody has to make a living. What
would become of the glaziers if no one ever broke a window?"
Now, this formula of condolence contains a whole theory that it is a good idea for us to expose, flagrante delicto, in this very simple case, since it is exactly the same as that which, unfortunately, underlies most of our economic institutions.
Suppose that it will cost six francs to repair the damage. If you mean that the accident gives six francs' worth of encouragement to the aforesaid industry, I agree. I do not contest it in any way; your reasoning is correct. The glazier will come, do his job, receive six francs, congratulate himself, and bless in his heart the careless child. That is what is seen.
But if, by way of deduction, you conclude, as happens only too often, that it is good to break windows, that it helps to circulate money, that it results in encouraging industry in general, I am obliged to cry out: That will never do! Your theory stops at what is seen. It does not take account of what is not seen.
It is not seen that, since our citizen has spent six francs for one thing, he will not be able to spend them for another. It is not seen that if he had not had a windowpane to replace, he would have replaced, for example, his worn-out shoes or added another book to his library. In brief, he would have put his six francs to some use or other for which he will not now have them.
Let us next consider industry in general. The window having been broken, the glass industry gets six francs' worth of encouragement; that is what is seen.
If the window had not been broken, the shoe industry (or some other) would have received six francs' worth of encouragement; that is what is not seen.
And if we were to take into consideration what is not seen, because it is a negative factor, as well as what is seen, because it is a positive factor, we should understand that there is no benefit to industry in general or to national employment as a whole, whether windows are broken or not broken.
Now let us consider James Goodfellow.
On the first hypothesis, that of the broken window, he spends six francs and has, neither more nor less than before, the enjoyment of one window.
On the second, that in which the accident did not happen, he would have spent six francs for new shoes and would have had the enjoyment of a pair of shoes as well as of a window.
Now, if James Goodfellow is part of society, we must conclude that society, considering its labors and its enjoyments, has lost the value of the broken window.
From which, by generalizing, we arrive at this unexpected conclusion: "Society loses the value of objects unnecessarily destroyed," and at this aphorism, which will make the hair of the protectionists stand on end: "To break, to destroy, to dissipate is not to encourage national employment," or more briefly: "Destruction is not profitable."
What will the Moniteur industriel say to this, or the disciples of the estimable M. de Saint-Chamans, who has calculated with such precision what industry would gain from the burning of Paris, because of the houses that would have to be rebuilt?
I am sorry to upset his ingenious calculations, especially since their spirit has passed into our legislation. But I beg him to begin them again, entering what is not seen in the ledger beside what is seen.
The reader must apply himself to observe that there are not only two people, but three, in the little drama that I have presented. The one, James Goodfellow, represents the consumer, reduced by destruction to one enjoyment instead of two. The other, under the figure of the glazier, shows us the producer whose industry the accident encourages. The third is the shoemaker (or any other manufacturer) whose industry is correspondingly discouraged by the same cause. It is this third person who is always in the shadow, and who, personifying what is not seen, is an essential element of the problem. It is he who makes us understand how absurd it is to see a profit in destruction. It is he who will soon teach us that it is equally absurd to see a profit in trade restriction, which is, after all, nothing more nor less than partial destruction. So, if you get to the bottom of all the arguments advanced in favor of restrictionist measures, you will find only a paraphrase of that common cliché: "What would become of the glaziers if no one ever broke any windows?"
- Frédéric Bastiat
Now, this formula of condolence contains a whole theory that it is a good idea for us to expose, flagrante delicto, in this very simple case, since it is exactly the same as that which, unfortunately, underlies most of our economic institutions.
Suppose that it will cost six francs to repair the damage. If you mean that the accident gives six francs' worth of encouragement to the aforesaid industry, I agree. I do not contest it in any way; your reasoning is correct. The glazier will come, do his job, receive six francs, congratulate himself, and bless in his heart the careless child. That is what is seen.
But if, by way of deduction, you conclude, as happens only too often, that it is good to break windows, that it helps to circulate money, that it results in encouraging industry in general, I am obliged to cry out: That will never do! Your theory stops at what is seen. It does not take account of what is not seen.
It is not seen that, since our citizen has spent six francs for one thing, he will not be able to spend them for another. It is not seen that if he had not had a windowpane to replace, he would have replaced, for example, his worn-out shoes or added another book to his library. In brief, he would have put his six francs to some use or other for which he will not now have them.
Let us next consider industry in general. The window having been broken, the glass industry gets six francs' worth of encouragement; that is what is seen.
If the window had not been broken, the shoe industry (or some other) would have received six francs' worth of encouragement; that is what is not seen.
And if we were to take into consideration what is not seen, because it is a negative factor, as well as what is seen, because it is a positive factor, we should understand that there is no benefit to industry in general or to national employment as a whole, whether windows are broken or not broken.
Now let us consider James Goodfellow.
On the first hypothesis, that of the broken window, he spends six francs and has, neither more nor less than before, the enjoyment of one window.
On the second, that in which the accident did not happen, he would have spent six francs for new shoes and would have had the enjoyment of a pair of shoes as well as of a window.
Now, if James Goodfellow is part of society, we must conclude that society, considering its labors and its enjoyments, has lost the value of the broken window.
From which, by generalizing, we arrive at this unexpected conclusion: "Society loses the value of objects unnecessarily destroyed," and at this aphorism, which will make the hair of the protectionists stand on end: "To break, to destroy, to dissipate is not to encourage national employment," or more briefly: "Destruction is not profitable."
What will the Moniteur industriel say to this, or the disciples of the estimable M. de Saint-Chamans, who has calculated with such precision what industry would gain from the burning of Paris, because of the houses that would have to be rebuilt?
I am sorry to upset his ingenious calculations, especially since their spirit has passed into our legislation. But I beg him to begin them again, entering what is not seen in the ledger beside what is seen.
The reader must apply himself to observe that there are not only two people, but three, in the little drama that I have presented. The one, James Goodfellow, represents the consumer, reduced by destruction to one enjoyment instead of two. The other, under the figure of the glazier, shows us the producer whose industry the accident encourages. The third is the shoemaker (or any other manufacturer) whose industry is correspondingly discouraged by the same cause. It is this third person who is always in the shadow, and who, personifying what is not seen, is an essential element of the problem. It is he who makes us understand how absurd it is to see a profit in destruction. It is he who will soon teach us that it is equally absurd to see a profit in trade restriction, which is, after all, nothing more nor less than partial destruction. So, if you get to the bottom of all the arguments advanced in favor of restrictionist measures, you will find only a paraphrase of that common cliché: "What would become of the glaziers if no one ever broke any windows?"
- Frédéric Bastiat
Everything is Broken - Bob Dylan
Broken lines, broken strings, broken threads, broken springsBroken idols, broken heads, people sleeping in broken beds
Ain’t no use jivin’, ain’t no use jokin’
Everything is broken
Broken bottles, broken plates, broken switches, broken gates
Broken dishes, broken parts, streets are filled with broken hearts
Broken words never meant to be spoken
Everything is broken
Seems like every time you stop and turn around
Someone else has just hit the ground
Broken cutters, broken saws, broken buckles, broken laws
Broken bodies, broken bones, broken voices on broken phones
Take a deep breath, feel like you’re chokin’
Everything is broken
Every time you leave and go off some place
Things fall to pieces in my face
Broken hands on broken plows, broken treaties, broken vows
Broken pipes, broken tools, people bending broken rules
Hound dog howlin’, bullfrog croakin’
Everything is broken
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