The art of economics consists in looking not merely at the immediate hut at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups—Henry Hazlitt
Tuesday, March 02, 2010
Econ 101: Prices, Profits, and Resource Misallocations From Interventionism
This short but insightful documentary video from Mises Blog shows of the basic functionality of profits to society- in contrast to the evil portrayal by the mainstream and politicians.
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