Скачать или смотреть Economics In One Lesson: How Henry Hazlitt Exposed the Hidden Costs That Destroy Prosperity

Why do so many economic policies fail even when they sound compassionate?
In this episode of The Deep Dive, we explore Henry Hazlitt’s 1946 classic Economics in One Lesson, a work that distills all of economics into a single timeless principle: always look beyond the immediate effects of a policy to its long-term consequences for everyone.

Hazlitt exposes how nearly every economic fallacy—from tariffs and inflation to minimum wage laws and government stimulus—comes from ignoring the unseen costs. Politicians and special interests highlight the visible benefits to one group while concealing the losses imposed on everyone else. Through his vivid examples like the “broken window fallacy,” Hazlitt shows why destruction never creates prosperity, why inflation is a hidden tax, and why real wages rise only through productivity, not government decrees.

You will also see how his lesson aligns with the wisdom of America’s Founders, who built a system of limited government, sound money, and personal responsibility. Both warned that prosperity cannot be commanded into existence by law—it must grow from free exchange, saving, and innovation.

This episode makes clear that good economics is not just about numbers but about morality, accountability, and truth. Every time you hear a new political promise, Hazlitt’s one lesson gives you the tool to ask the question that matters most: Who really pays the price?

So pour a cup of coffee, take a breath, and listen. You might just rediscover what freedom sounds like.

Chapters:

0:00 - Introduction – Henry Hazlitt’s “Economics in One Lesson” (1946)

0:23 - The single fallacy behind most policy errors

0:49 - Bastiat’s seen vs. unseen – The one lesson

1:37 - Broken window fallacy explained

2:49 - Taxes: Seen benefits, unseen destruction

4:01 - Public works fallacy – Jobs at whose expense?

5:13 - Credit expansion creates artificial booms

6:25 - Machines “destroy jobs”? No – They raise living standards

7:37 - Spread-the-work schemes reduce output

8:49 - Tariffs: Protect some, harm all

10:01 - Saving is not hoarding – It funds investment

11:13 - Price fixing causes shortages

12:25 - Rent control destroys housing

13:37 - Minimum wage prices low-skill workers out

14:49 - Unions raise wages for some, unemployment for others

16:01 - Government “creates” purchasing power? Myth

17:13 - Inflation as hidden taxation

18:25 - Profits direct resources efficiently

19:37 - Attacking profits destroys coordination

20:49 - The forgotten man – Who really pays?

22:01 - Modern stimulus packages repeat old fallacies

23:13 - Green energy subsidies and unseen costs

24:25 - Student loan forgiveness – Transfers, not solutions

25:37 - Trade wars and tariff myths

26:49 - Universal basic income distortions

28:01 - Housing policy repeats rent-control errors

29:13 - Inflation as deliberate government policy

30:25 - Central banks enable endless deficits

31:37 - The unseen erosion of purchasing power

32:49 - Why politicians love the seen effects

34:01 - Special interests vs. the general public

35:13 - Economists’ duty: Expose the unseen

36:25 - Sound economics = sound government

37:37 - Liberty requires long-term, all-groups thinking

38:49 - The forgotten man in every policy

39:25 - Final challenge: Ask “And then what?”

40:07 - Closing thoughts & farewell