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The broken window fallacy and unintended consequences
Have you heard the parable of the broken window? It's a wonderful example of unintended consequences that applies not only to businesses activity and government regulations but to individuals as well. Fans of the book "Freakonomics" are given a front row seat to watch the dramatic and always surprising (they are "unintended" after all) effects of unintended consequences. But in our haste to laugh and condemn the short-sighted thinking of others, we often don't see the unintended consequences we are creating in our own lives.
September 30, 2013