The Most Important Economic Principle You Need To Know

series are coming up with an henry hazlitt economics in one lesson i we are grid of this book is the best books are there for describing an hour concepts know whether to you boil pjtv viewer for the first lesson of book is called the lesson paul economics can be reduced to a single lesson analysis can be reduced to a single sentence the art of economic consists in not looking at a minute longer effects of any agra balti it consists of tracking the consequences of a pulse not really 41 group but for all groups alright durant arms whitehills what does this mean means that the economic this is more complex and long-term the word albert garden state often would suggest so that for example in oc if you if you lower taxes texas then the immediate response would be with them instead less revenue aton it because people be affected
people's incentive to work because motivational work them out work hard in hollywood bowl wash basin with the taxes my lodger in you can go to this every single regulation every single government policies are you know insurance companies are cheaper because the public and in lower car insurance companies and how can a computer have the prime minister of companies are there going out of business does the public option instead of a cheaper option no it doesn't always work what is saying is don't look at the superficial first level affecting economic look deeper look at the consequences on motivation and incentives for the second level 12 what happened next year but also will happen 5 years 10 years from now i will roll application there a way of kerrville tx rate things for the short term for very specific interest group tonight for the long term for everyone or what does a reminder south new year stimulus 787 billion dollars short term of big spending a targeted groups not for everyone things for the short term for very pacific interest group tonight for the long term for everyone or what does a reminder for 8:30 est le 787 billion dollars short term of big spending a targeted groups not forever 21 do i need to be at the promises to do in this is the kind of thing that he was worried about that though we would target specific groups for benefits the rest of us didn't get that one of the key principles of economics is built on alright guys that said that his lesson number one and number to insure that for you buy one really good books to release my god explained it for you listen to the broken window​