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 for all groups.” Hazlitt cites the abuse of this particular lesson as the greatest of all economics fallacies.
While Hazlitt’s description is certainly accurate in regards to efficient economics, part of this principle may be well adapted in dealing with government policies on a more general spectrum. For instance, is not seemingly every piece of government legislation typically fueled by targeting a specific group for an immediate satisfactory gain regardless of the potential long term problems that may arise?
When Congress first considered the Patriot Act, was it not claimed to target only those who would support terrorists or specific groups posing similar threats? While it may have received an overwhelming amount of support initially aimed at quickly disrupting the chances of another seemingly immanent terrorist threat, the groundwork it was laying for future atrocities and abuses of civil liberties was overlooked. People were uneasy and eager to feel a sense of protection. Many were willing to relinquish certain liberties and rights for a false sense of immediate security.
Read more here













Social Networks for YAL