Wednesday, March 23, 2011

QUOTE OF THE DAY


"The whole of economics can be reduced to a single lesson, and that lesson can be reduced to a single sentence.

The art of economics consists in looking not merely at the immediate but 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 in Economics in One Lesson.



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