That Which is Unseen
Anybody who understands Bastiat’s example of the broken window fallacy understands more about life than most academics.
Anybody who understands Bastiat’s example of the broken window fallacy understands more about life than most academics.
Much of the inequality we are seeing today is not of natural, but of political origins.
People put forth ideas like Dharmicisim because they have a basic misunderstanding of what economics is.
Just like fascism, every other anticapitalistic ideology promotes government interventions, contempt for individual freedom, and a mystical view of government’s role and nature.
As much as there’s lot wrong with Anuraag Saxena’s article, it has at least divorced itself from the nonsense which passes for economics these days.
An artificial boost indemand that is not supported by production leads to the dilution of savings, and ultimately in to impoverishment.