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
Wednesday, February 16, 2011
Video On US Income Inequality: What Statistics Don’t Say
In this video, Professor Steve Horwitz explains the myth behind mainstream’s presentation of “income inequality”. (hat tip: Professor Art Carden)
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