Jun 18, 2012, Vol. 17, No. 38 • By FRED BARNES
When the freshman class of House Republicans elected in 2010 arrived in Washington, Representative Paul Ryan gave a copy of Economics in One Lesson by Henry Hazlitt to each of them. Hazlitt’s overriding lesson: There is a “persistent tendency of men to see only the immediate effects of a given policy . . . and to neglect to inquire what the long-run effects of that policy will be.” If Obama is as smart as he’s supposed to be, he’ll ask Ryan for a copy.
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