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No Free Lunch — Confronting Economic Fallacies with Peter Boettke & Caleb Fuller

Hayek Program Podcast

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What's the Biggest Fallacy in the World?

In the middle of your book, it's a claim that i am 100 % on board with, wich the centrality of mutually beneficial exchange. One only has to skim the pages of our most respected financial journalism outlets to see writers taking this view for granted. That sort of cansian view of the macro economy really seems obvious to many people. And i think it it requires long chains economic reasoning to see what actually happens when consumers voluntarily reduce their consumption spending.

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