“Many of the most frequent fallacies in economic reasoning come from the propensity, especially marked today, to think in terms of an abstraction—the collectivity, the ‘nation’—and to forget or ignore the individuals who make it up and give it meaning.”

in Economics, Henry Hazlitt, Writers

-Henry Hazlitt, Economics in One Lesson (Westport, CT: Arlington House Publishers, 1979), p. 28.

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