YAL in Action

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Tag: henry hazlitt
  • Politics in One Lesson

    If you’ve ever read Henry Hazlitt’s timeless book Economics in One Lesson, you’ll recall that Hazlitt stresses that “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 …

  • Henry Hazlitt and the “Stimulus”

    Since the “stimulus” was enacted into law in February 2009, the economy has lost a whopping 2.2 million jobs. Despite President Obama’s promise that the so-called “stimulus” would keep the unemployment rate below 8 percent, the Labor Department reported today that June’s unemployment rate unsurprisingly remained high at 9.5 percent. It is important to note …

  • Thinking and Debating

    Recently, I have been reading Henry Hazlitt’s wonderful book Thinking as a Science.  He has quite helpful section on debate, which I think is useful for today’s campus activists: After you have had a friendly argument with an acquaintance, you take leave either with the satisfaction that you have bested him, or with a vague consciousness …

  • Pat Robertson and the Broken Window Fallacy

    …or maybe “the Haitian earthquake fallacy.” From David Kramer at lewrockwell.com: Maybe if we’re lucky we could get a cataclysmic earthquake of our very own!  For an economic refutation of this Keynesian fallacy, read, of course, Henry Hazlitt.  The moral refutation should be self-evident.

  • Henry Hazlitt Trumps Bill Maher

    I recently came across this article by Bill Maher on the Huffington Post. Maher’s groundbreaking claim: capitalist greed is ruining America! The only way to fix it is — of course — to nationalize industry, especially — since that’s the current message from on high — healthcare. But like everything else that’s good and noble …

  • This is nothing new…

    Faith in government spending has existed for much longer than any of us has been alive.  However, so has the resistance to it.  In 1946, Henry Hazlitt was already warning the world of the dangers of government spending, based on the arguments of still others who came before.  In his book Economics in One Lesson, …

  • Economics in One Lesson

    I just finished reading Economics in One Lesson by Henry Hazlitt, and I am very glad that I did. I would highly recommend this book to anyone interested in learning a pretty basic, but still very thorough, understanding of free market/Austrian economics. An online version of the book can be found here. If you are …