Quote of the Day: Henry Hazlitt

From Chapter 1 of Hazlitt’s Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics:

The art of economics consists in looking not merely at the immediate but 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. Nine tenths of the economic fallacies that are working such dreadful harm in the world today are the result of ignoring this lesson.

Posted by Nick Freiling

Founder/Director of PeopleFish. I write on technology, market research and economics. Bylines at Startup Grind, FEE, the American Enterprise Institute and the Mises Institute.

One Reply to “Quote of the Day: Henry Hazlitt”

  1. […] yesterday at The American, Ike Brannon displays excellent “seeing the unseen” logic on full display evaluating problems with a new state regulation. Following orders from […]

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