Economists these days are basically trying to find a way to avoid hard work and thrift. Unfortunately the only way we get better computers is by very smart peo

Economists these days are basically trying to find a way to avoid hard work and thrift. Unfortunately the only way we get better computers is by very smart people working very hard to develop better machines. The only way we get houses is by people building them. And the only way to obtain a net worth is to save more than one spends. However, economists seem to think that with enough money printing, borrowing, and other shenanigans they can somehow get more houses built in the places they are most needed. Of course, it is a joke and wrecks out everybody's wealth in the process. As Hazlitt taught: 'The art of 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 groups.' Anyone interested in clearing through the crud should read Henry Hazlitt's Economics in One Lesson.