Summary
Economics of wanton acts of destruction - Editorial
Wanton acts of destruction of things with real value are always a loss, they never stimulate the economy. Therefore, government programs must be legitimate public investments and not just political pork. These lessons were asserted by Henry Hazlitt in his book 'Ecomonics in One Lesson'.See the full content of this document
Extract
Lesson not learned.
On Meet the Press July 25, moderator Tim Russert asked Treasury Secretary Lloyd Bentsen whether the floods in the Midwest would drag the nation's economy downward. No, Be...
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