Caleb Graham > Recent Status Updates

Economics is the science of recognizing secondary consequences

I like the main point of following all the consequences of a certain policy and not just the immediate effects on a certain group.

I also think the author contradicts himself in certain circumstances. For example letting a industry die and having all its workers thrown out of a job is good. It’s healthy for the market. But with minimum wage unemployment is so bad

Orwell coined the term “big brother”