"The basic economic principles involved in discussions of the national economy are not overly complicated but two crucial misconceptions need to be guarded against: (1) the fallacy of composition and (2) assessing economic activity as if it were a zero-sum game, in which what is gained by some is lost by others. There are also sometimes misconceptions of the nature of government, leading to unrealistic demands being made on it and then hasty denunciations of the "stupidity" or "irrationality" of government officials when those demands are not met."
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Original Language: English
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Sources
Thomas Sowell, Basic Economics, 4th ed. (2010), Ch. 18. Government Finance
https://en.wikiquote.org/wiki/Macroeconomics
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Macroeconomics
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