Economic Facts and Falacies - Thomas Sowell

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Some things are believed because they are demonstrably true. But many other things are believed because they are consistent with a widely held vision of the world - and this vision is accepted as a substitute for facts. Subjecting beliefs to the test of hard facts is especially important when it comes to economic beliefs because economic realities are inescapable limitations on millions of people's lives, so that policies based on fallacies can be devastating in their impacts.

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