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As soon as government management begins it upsets the natural equilibrium of industrial relations, and each interference only requires further bureaucratic control until the end is the tyranny of the totalitarian state.-- Adam Smith

September 22, 2003

From Mises.org: Isabel Blew Fallacy Ashore. The Fallacy of the Broken Window is one of many great examples from Henry Hazlitt’s awesome book Economics in One Lesson.
Also: check out the latest Cox and Forkum.

Posted by David at September 22, 2003 09:04 AM | TrackBack
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