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
Thursday, December 06, 2012
Video: Christmas Carol: Deck the Halls with Macro Follies
Econostories.tv has an amusing video debunking macroeconomic fallacies. (thanks to Coordination Problem Blog)
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