Wednesday, August 24, 2011

Stossel: Almost Everything We're Taught Is Wrong

via Townhall.com

excerpts
  •  What I love about economics is that it can show that what seems harmful is actually good for society.
  • This is all covered in the eye-opening book "Defending the Undefendable" by economist Walter Block.
  • In fact, studies show that in at least one country where child labor was suddenly banned, prostitution increased
  • Also, if prices rise during an emergency, that's a signal for people to buy only what they most need. [comment: with respect to the charge of "price gouging"]
  • Most people say that selling body parts is wrong.
    "It also seems wrong to have people dying because they can't get a kidney," Boaz said.

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