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I am just finishing up the book and I can see how Hazlitt was an influence Ron Paul, Lew Rockwell, and many others. I can't believe that I have been studying economics for almost a decade and have just recently come across Hazlitt's works.
The book was written in 1946 and highlights a plethora of economic fallacies that are still being practiced and perpetuated by today's economists. It is a remarkable short and simple theoretical exposition which contains many economic truths.
Oh you can tell us that "more government" is not a recipe for success?
Well maybe you can explain why the highest standard of living country's governments are in some cases nearly 3X the size of the USA government, size for size, and they are doing just great?
In fact, ALL the countries ranked higher in standard of living than the USA have bigger governments, size for size.
And BTW the ONLY reason we make the top twenty is due to our abundance of natural resources on a per capita basis..the majority of the other countries use brain power.
But these governments are far less corrupt and their societies much more homogenous. You have no causal evidence to support your claim, none at all.
Oh you can tell us that "more government" is not a recipe for success?
Well maybe you can explain why the highest standard of living country's governments are in some cases nearly 3X the size of the USA government, size for size, and they are doing just great?
In fact, ALL the countries ranked higher in standard of living than the USA have bigger governments, size for size.
And BTW the ONLY reason we make the top twenty is due to our abundance of natural resources on a per capita basis..the majority of the other countries use brain power.
So why do the Heritage Foundation and Cato Institute consider Canada, Australia, and Ireland to be more free market capitalist than the others?
The Canadian and Australian economies are more based on natural resources than the US economy.
FWIW NONE of those governments are anywhere near as big as the US, even the continental European social democracies. None of those countries have military fighting wars around the world on the level that the US does (although many are allies of the US in its current wars). The only other nation on that list able to project military power outside its region is France, and French military power is nowhere near what US military power is. The US defense budget is bigger than that of all other nations combined.
But these governments are far less corrupt and their societies much more homogenous. You have no causal evidence to support your claim, none at all.
It also ignores vast differences in populations between them and the US. I believe the US is the only country in that list above 100 million in population.
I'd suggest learning about the arguments of all sides today.
No, you don't. In case you need to be reminded, you came into this thread full force, filled with ignorance and attacking Hazlitt in which you had no knowledge of.
Your appeal to learn the arguments from all sides is most laughable and hypocritical.
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And stop going back to this heterodox economic theories dismissed and discredited Decades ago.
Mainstream economics break down. Neoclassical economics do no properly explain reality, but that doesn't stop fools and myopic economists from heralding and perpetuating faulty models.
I remember my macroeconomics professor jumping out of his chair two years, heralding that we are back at the steady state regarding that artificial growth of the stimulus bill.
My other macroeconomics teacher claimed that artificially low interest rates had nothing to do with creating bubbles and distorting the market, but when Greenspan changed his mind, so did she. It was most disturbing to see higher education resort to a hierarchy that is found in priesthood.
But these governments are far less corrupt and their societies much more homogenous. You have no causal evidence to support your claim, none at all.
Greek government is far less corrupt than US government? Been reading the news at all lately?
The percentage of immigrants in Canada is even larger than that of the US and Canada has two "majority-minority" big cities (Vancouver and, barely, Toronto - Montreal is also an extremely diverse city). French cities are pretty diverse.
So why do the Heritage Foundation and Cato Institute consider Canada, Australia, and Ireland to be more free market capitalist than the others?
The Canadian and Australian economies are more based on natural resources than the US economy.
FWIW NONE of those governments are anywhere near as big as the US, even the continental European social democracies. None of those countries have military fighting wars around the world on the level that the US does (although many are allies of the US in its current wars). The only other nation on that list able to project military power outside its region is France, and French military power is nowhere near what US military power is. The US defense budget is bigger than that of all other nations combined.
Why does the Heritage organization come up with a arbitrary right wing formula equating taxing elites in a country to making it less free?
Gosh. I can only wonder.
You do know "high taxes" is never able to make it out of the "other" column in a list of national priorities important to Americans?
It's just right wing propaganda that Americans are concerned about "high taxes"
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