Gavin Andresen - 2011-04-08 20:23:38

@s{quotedtext} @s{quotedtext} ... only if the investments are in things that don't make us more productive.

There are really three categories, in order of desirability:

1 Investment in productive activities
2 Savings
3 Investment in non-productive activities

The broken window fallacy is confusing categories 1 and 3.