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What Is Seen—And What is NOT Seen: Bastiat's Often-Ignored Wisdom

The French economist, statesman, and author Frรฉdรฉric Bastiat wrote in 1850 that โ€œthere is only one difference between a bad economist and a good one: the bad economist confines himself to the visible effect; the good economist takes into account both the effect that can be seen and those effects tha
United States James Goodfellow Thomas Carlyle John Maynard Keynes Fitch Ratings International Settlements
Source: mises.org

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