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
Friday, April 22, 2011
Video: Public Choice: Why Politicians Don't Cut Spending
Professor Ben Powell in a short video explains, from the public choice perspective, why politicians are intuitively reluctant to cut spending. (source Learn Liberty)
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