Archive for August 19th, 2009

What’s missing from One Lesson

August 19th, 2009 | Category: news

I finished Economics in One Lesson last night. It’s justly called a classic; Hazlitt uses simple examples that don’t need actual statistics to prove their point. In fact, statistics can show only correlation, not causal connection; Hazlitt, instead, shows why government intervention must lead to consequences beyond what the brains behind it intended (that is, if we give them credit for making honest mistakes rather than willfully proceeding with their Read more

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