5 ms·
> > It is hubris or naivete in the extreme to assume that someone you disagree with has nothing valuable to say. You think you disagree with me, and you clearl
by greggyb 9y ago
> > It is hubris or naivete in the extreme to assume that someone you disagree with has nothing valuable to say.
You think you disagree with me, and you clearly disagree with Austrian economics. Yet, with less than one page's worth of reading, you can identify the core lesson of the book, excerpted below. That the author then applies this lesson in ways you find objectionable is no judgment on the lesson itself.
Chapter 1, Paragraph 1:
While certain public policies would in the long
run benefit everybody, other policies would benefit one
group only at the expense of all other groups. The
group that would benefit by such policies, having
such a direct interest in them, will argue for them
plausibly and persistently.
Chapter 1, Paragraph 2:
there is a second main factor that spawns new economic
fallacies every day. This is the persistent tendency of
men to see only the immediate effects of a given policy,
or its effects only on a special group, and to neglect
to inquire what the long-run effects of that policy will
be not only on that special group but on all groups. It
is the fallacy of overlooking secondary consequences.
In case you feel any desire to actually engage with the ideas of the book, it can be read for free, in full, here: https://www.mises.org/library/economics-one-lesson https://www.mises.org/library/economics-one-lesson