A young man wrote me stating that he had given a presentation of Henry Hazlitt’s book Economics in One Lesson for a college class assignment, and his teacher gave him a very poor mark. These were her words: “Author discredited, has no formal education in economics. Not a best seller. Not current. 72% match. The study of macroeconomics is not haunted by fallacies nor does it focus on the short-term. Macroeconomics guides government policy decisions for ALL parties within a marketplace, evaluating the effects of supply, demand, output, pricing, and other variables amongst all constituents in an economy.” This student … Continue reading Response to an Intellectually Abused College Student