So it snowed.
A reader sent in Ten Recurring Economic Fallacies from the The Ludwig von Mises Institute, an Austrian School think tank in Alabama.
The first fallacy—that of the broken window—is certainly common, as Austrian School economists never fail to point out. Missing, but equally prevalent, is the zero-sum fallacy, the misbelief that wealth is allocated and reallocated, but never created.
Improving the citizenry's economics and statistics education should be a national priority.