Economics in One Lesson
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Review : Shows some signs of wear, and may have some markings on the inside. 100% Money Back . Read more
Review : With the postulated simple criteria: "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 the groups", that in first instance might even be of appeal to socialists, but when applied with simply common sense to each specific case the politicians have put forward in the last hundred years, we see that reveal clearly the fallacies of those policies. The interventions of the state to rise (or lower) wages, prices, save industries, boost exports, lead only to the oposite intentions, to the cost of raising taxes, inflation, and eventually assaulting savings to finance politicians deficits, have to be payed sooner or later, at a much higher costs. A lesson that we seem not to learn, and fall over again in a recursive trap. The Austrian school with minimal state intervention proposed the solutions to those problems, for nearly a century now, but failed to make an appealing case to politicians, so far.
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