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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

Showing posts with label popular delusions. Show all posts

Thursday, April 14, 2016

The Socialist Illusions of "Change": Ludwig von Mises on the Ethics of Capitalism

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The election byword for any aspiring political candidate has always been about “CHANGE”. Yet the problem of populist clamor for C-H-A-N...

Saturday, May 09, 2015

Eric Margolis: Russians Won World War II

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World War II has been popularly sold as having been won by the West. However historian Eric Margolis sets the record straight: it was the R...

Sunday, March 15, 2015

Phisix 7,800: The Earnings Growth Mirage

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Saturday, August 09, 2014

Quote of the Day: Blaming Bad Outcomes on Bad People rather than Bad Institutions

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And yet: how often do you hear people saying that we need to vote the bums out and replace them with the wise, the virtuous, and the incor...

Sunday, July 13, 2014

Guest Post: Wendy McElroy on the Power of the Powerless

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One of my favorite anarchist, Wendy McElroy writes a stirring and inspirational piece on how to live the truth and reclaim individual freed...

Quote of the Day: Dealing with Delusions

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Unfortunately, no matter how hard we try, most of our perceptions of people will be misguided a significant percentage of the time. It’s o...

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