Our Economic Illiteracy

Source: Ludwig von Mises Institute
by Caleb Fuller

“‘Economics,’ wrote Henry Hazlitt, ‘is haunted by more fallacies than any other study known to man.’ True. No epoch is immune to the scourge of economic illiteracy. Yet, we find ourselves in a moment of especially unprecedented economic ignorance. We’ve come a long way since the days of Hazlitt’s editorializing in the New York Times. In the 1930s, believe it or not, the Times held the line on economic orthodoxy in the face of emergent quackery.” (03/14/23)