10 Economic Lessons from Book Basic Economics A Common Sense Guide to the Economy

A society in which such decisions can only be made by males has thrown away half of its knowledge, talents, and insights.

prices are not costs. Prices are what pay for costs.

In short, rent control reduces the rate of housing turnover.

In the complexities of real life, seldom is any argument right 100 percent of the time or wrong 100 percent of the time.

One of the main problems of price control is to define the appropriate price of what is being controlled

It takes considerable knowledge just to realize the extent of your own ignorance.

People who enjoy meetings should not be in charge of anything.

10 Lessons from book The Magic of Thinking Big

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