By John Tamny of Forbes
“Nature recks nothing of intentions, good or bad; the one thing she will not tolerate is disorder, and she is very particular about getting her full pay for any attempt to create disorder.” ~ Albert Jay Nock, Our Enemy, the State, The Caxton Printers, 1950, p. 197.
The great economist Henry Hazlitt long ago observed that “Economics is haunted by more fallacies than any other study known to man.” To Hazlitt this was no accident given the “persistent tendency of men to see only the immediate effects of a given policy.”
Looking Beyond the Immediate Effects of Policy
