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Economics in One Lesson
In reading Economics in One Lesson again, I am amazed at what a jewel this little book is. Henry Hazlitt was truly a teacher of the first magnitude!
I have given copies of this book away to home educators for over fifteen years, but in the course of those years forgotten just how much information in packed into so few words. I will continue to give copies of it away with a renewed enthusiasm for its content.
Each chapter focuses on a different topic, such as Taxes Discourage Production, Disbanding Troops and Bureaucrats, Saving the X Industry, and Minimum Wage Laws. All are only five to a dozen pages long and so arranged as to make even the most difficult concepts simple to understand.
At the end of a chapter on "Stabilizing" Commodities, Hazlitt writes:
...if the planners succeed in tying up the idea of international cooperation with the idea of increased State domination and control over economic life, the international controls of the future seem only too likely to follow the pattern of the past, in which case the plain man's living standards will decline with his liberties.
Every action of the government to manipulate the economy will eventually affect every citizen. Nothing can be done in a vacuum and every area of the economy is ultimately linked to every other area of the economy. Any government action which benefits one will penalize another.
If you are serious about living in a truly free society, you need to read Economics in One Lesson.
From Solitude,
David O Jones