“The most frequent fallacy by far today, the fallacy that emerges again and again in nearly every conversation that touches on economic affairs, the error of a thou- sand political speeches, the central sophism of the “new” economics, is to concentrate on the short-run effects of policies on special groups and to ignore or belittle the long-run effects on the community as a whole.”
— Henry Hazlitt on #Bitcoin
rare
npub1l5…jq78u
2023-03-03 20:01:28
Author Public Key
npub1l59ulrx34m5rle67ds8al32rs309hsl4p5nd9409cmfl55slnrqq8jq78uPublished at
2023-03-03 20:01:28Event JSON
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"created_at": 1677873688,
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"content": "“The most frequent fallacy by far today, the fallacy that emerges again and again in nearly every conversation that touches on economic affairs, the error of a thou- sand political speeches, the central sophism of the “new” economics, is to concentrate on the short-run effects of policies on special groups and to ignore or belittle the long-run effects on the community as a whole.”\n\n— Henry Hazlitt on #Bitcoin",
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}