The Disconnected Checkbook Fallacy

This fallacy is named after the childish and incorrect belief that a check can be written for any amount that the check issuer desires, without consequences. It stems from a fundamental misunderstanding about the way in which checkbooks and checking accounts work.

Example
The Question:

“How can we possibly keep a fossil-fuel-addicted industrial economy growing and functioning without fossil fuels?”

The Fallacious Answers:

“The Free Market can solve any problem so long as it has enough freedom.”
“Science & Technology will solve these problems if we just invest more in those fields.”
“The Human Mind is the most powerful resource there is. Ingenuity will solve these issues.”

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