David L. Bahnsen is the managing partner of a wealth-management firm and a frequent writer and public commentator on matters of economics, faith and work, and markets.
David Bahnsen’s Capital Record
David L. Bahnsen, National Review Institute senior fellow and founder of The Bahnsen Group, provides a guide to understanding how free markets, sound money, and limited government create lasting prosperity.
11:32
Baby and Bathwater
David looks at the danger that happens when we use hasty generalizations in our economic thinking.
David looks at the danger that happens when we use hasty generalizations in our economic thinking. A company does something bad? Companies are bad. A business deal goes bad? Business deals are bad. A trading partners does wrong? Trading partners are bad. The illogical movement from a particular to a universal is flawed thinking, but when it gets put into practice, it undermines optimal economic outcomes and ignores the most basic of economic principles.
Comments
On “Baby and Bathwater”