Economics in One Lesson by Henry Hazlitt Chapter 1 - "The Lesson"

[willyevans]

Thank you for posting this.

[sharperguy]

Lol. When he said 'In the long run, we're all dead', I just had to say it out loud along with him because I knew it was coming.

[zsylvana]

But the height of monopoly growth in the U.S. coincided with its greatest period of laissez-faire,or government nonintervention."The Gilded Age" between the Civil War and World WarI),this period saw the phenomenal rise of the Robber Barons and their great trusts (monopolies).John D. Rockefeller monopolized oil under his Standard Oil Company; J P Morgan dominated finance;Andrew Carnegie,steel;James Hill, railroads.These men lived for market conquest,and plotted takeovers like military strategy

[ntaylor0]

@zsylvana I would encourage you to check out this video in response to your thoughts:

The Myth of Natural Monopoly (by Thomas DiLorenzo)

[TheAttackRat]

@ntaylor0 Thankyou a lot for this. i intend to refer many ignorant people to this video, and as you know, there are many.

[Campagnevoorvrijheid]

Great effort. I applaud

[xTAxGUNZ]

Thanks for posting this. I love the book but have been looking for videos to help educate the misled masses to the truth of our current system. Only 22 thumbs up? Come on people give this person a thumbs up.

[RunLiberty]

Ron Paul 2012 for President

[miguelcarvalho2008]

Is it just me, or there is an incredible resemblance between the way he writes and the way J. K. Galbraith writes? I'm refering only to style.

[Rexanglorum]

@miguelcarvalho2008 My guess is that Dr. Hazlitt knows that he has to have just as much flair in his communications as the economists with which he disagrees. People like Keynes and Galbraith and Marx were popular because they all had audiences which were predisposed to being sympathetic to the message and people like Keynes were very good at making their case.

[rockinewok]

This is one of the best books I've ever read.

[ntaylor0]

This is simply a reposting of the original video. I was experiencing audio spikes and remedied the situation (I think). If you find problems with audio quality on any of my videos simply leave a comment and I will do my best to fix it.