Sen. Mitch McConnell, R-Ky., and President Joe Biden's belief that spending billions of dollars on a war in Ukraine helps the United States' economy rests on what is known as the 'broken window' fallacy.
Sen. Mitch McConnell, R-Ky., and President Joe Biden's belief that spending billions of dollars on a war in Ukraine helps the United States' economy rests on what is known as the "broken window" fallacy, which was originally espoused by 19th French economist Frédéric Bastiat, Kentucky Republican Sen. Rand Paul told Newsmax on Tuesday.
During the interview, Paul explains that such a "theory" should in reality, be treated for what it is — an absurd fallacy. "But if that's true, instead of giving Ukraine $60 billion, why don't we give them $300 billion? Why don't we give them a trillion if all the money is coming back to us? It's sort of like the idea of a perpetual motion machine; it doesn't really work because that money has to come from somewhere. And right now, it actually comes from borrowing," Paul continues.
The senator rested his point on the notion going to war makes America "weaker as we go further into debt."
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