“What is harmful or disastrous to an individual must be equally harmful to the collection of individuals that make up a nation.” – Henry Hazlitt
Oh, the obnoxious, naïve conceit of economists. They literally think they can measure the infinite actions taking place every millisecond in order to make their country, and not infrequently, world economic projections. If you doubt the latter, just Google “world recession.” Paraphrasing the great Christopher Buckley, your computer will explode.
Back to some semblance of reality, economics is about the individual, period. The only economics is micro, the study of the individual. Nothing else matters.
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