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
Monday, November 25, 2013
Video: Mark Thornton on Real Economic Growth versus Statistical Economic Growth
"Don't be fooled by GDP (3:17)...you've got to be leery of statistics (4:14)"
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