Economics is haunted by more fallacies than any other study known to m…

Henry Hazlitt
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Economics is haunted by more fallacies than any other study known to man ✨ Henry Hazlitt (2010). Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics, p.11, Crown Business
Politics
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Everywhere the means is erected into the end, and the end itself is forgotten. ✨ Henry Hazlitt (2010). Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics, p.71, Crown … ▶
The question is not whether we wish to see everybody as well off as possible. Among men of good will such an aim can be taken for granted. The real question concerns the proper means of achieving it. … ▶
The great merit of gold is precisely that it is scarce; that its quantity is limited by nature; that it is costly to discover, to mine, and to process; and that it cannot be created by political fiat … ▶
It is often sadly remarked that the bad economists present their errors to the public better than the good economists present their truths. It is often complained that demagogues can be more plausibl … ▶
The art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group bu … ▶

Economics is haunted by more fallacies than any other study known to man ✨ Henry Hazlitt (2010). Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics, p.11, Crown Business

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