@timoreilly tweets related to: Bastiat, Essay, Context, Gilmore, Sequester

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What Is Seen and What Is Not Seen There is only one difference between a bad economist and a good one: the bad economist confines himself to the visible effect; the good economist takes into account both the effect that can be seen and those effects that must be foreseen.
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What is seen and what is not seen. http://t.co/ea6kabcyrX Bastiat's 1848 essay provides useful context for the #sequester. via John Gilmore

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