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, July 18, 2012
Cartoon of the Day: The Logic of Keynesian Economics
Circular reasoning plus the broken window fallacy.
1 comment:
Brilliant and sub-title was not even need...
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