Economics in One Lesson (Henry Hazlitt)

*Economics in One Lesson* by Henry Hazlitt emphasizes understanding the importance of considering both immediate and long-term effects of economic policies. The key idea is that good decisions benefit not just one group but everyone over time, while short-term gains often lead to unseen hidden costs. Hazlitt advocates for policies that promote free markets, individual choice, and sound money, warning against government interventions that can cause unintended negative consequences. Overall, the book encourages thinking holistically about economic actions, prioritizing overall well-being rather than narrow interests or quick fixes.