10 Lessons from the book Basic Economics: A Common Sense Guide to the Economy

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

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

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

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

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

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

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

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