Exquisite Economics: In Its Simplicity

Abstract

The essence of economics is cooperation.  The essence of government is coercion.  No nation has ever been able to strike a harmonious balance between these two opposing spheres of influence.  There are more fallacies in economics than in any other area of study, and they all have the same root cause:  to focus on the immediate benefits of a policy to a single group (a) to the neglect of other groups, and (b) in ignorance of the long-term consequences to the economy as a whole.  The government has no money of its own.  It can only give to some what it takes from others.  Government can only do good for some by causing harm to everyone else.