Every week over 26 weeks, I’ll be publishing a précis of a chapter of Henry Hazlitt’s brilliant 1946 book, Economics in One Lesson, prepared by Michael Dowsett during his internship. The index page is here.

This week, Taxes Discourage Production, which discusses how taxes and government spending inhibit progress, hamper the development of real wages and worsen unemployment. The original chapter is only two pages and can be read here.

Buy or download Economics in One Lesson.

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