It is often said that, if the American economy is the 7th Wonder of the World, then American economic ignorance must be the 8th. Oh well… I suppose they don’t call it the “dismal science” for nothing. — jtl, 419
Land & Livestock International, Inc.
What is the relationship between the rise of big government and the rise of American prosperity? It seems that people on the right and left are quick to confuse correlation with causation. They believe that the US is wealthy because the government is big and expansive. This error is probably the most common of all errors in political economy.



By Llewellyn H. Rockwell, Jr. via LewRockwell.com
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