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"... the whole of economics can be reduced to a single lesson, and that lesson can be reduced to a single sentence. 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."
- "Economics in One Lesson" by Henry Hazlitt, 1946 revised 1978
http://steshaw.org/economics-in-one-lesson/chap01p1.html
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