The Seen and the Unseen — The Writer in Black

Frederic Bastiat wrote about “The Seen and the Unseen”, essentially describing what economists call “opportunity cost”. What this means is that while you can see the effect of money being spent–as in the case of money spent to fix a broken window (the classic example) puts money in the glazier’s pocket which he can then […]

via The Seen and the Unseen — The Writer in Black

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