I know many people who claim Hazlitt's Economics in One Lesson was an early inspiration. I really can't say this. I remember reading it for the first time pretty late in my training, probably in grad school, and not being that impressed. I mean it was good, but it came across to me and my grad school ego as being well a tad simple and old fashioned. But rereading it this week as caused me to reevaluate.
So let's play a game. Let's see if I can find a current analog to most of the chapters.
II. The Broken Window
I know this is low-hanging fruit but if we didn't have Paul Krugman around we'd have to invent him. To wit, the Kroog embraces the broken-window fallacy head on here. Let's not even talk about alien invasions.
III. The Blessings of Destruction
Did you know Hurricane Sandy was a good thing?
IV. Public Works Mean Taxes
"Obama calls for $50 Billion Public Works Plan" and you know what? It'll be "fully paid for."
V. Taxes Discourage Production
Not according to some.
VI. Credit Diverts Production
One word: Solyndra.
VII. The Curse of Machinery
The ATM gaffe!
VIII. Spread-the-Work Schemes
The 35 hour work week. Hey why stop at 35 hours?
IX. Disbanding the Troops and Bureaucrats
X. The Fetish of Full Employment
We really should have a Census every year. Ya know for the jobs! (Ok this could go in Chapter IX too.)
XI. Who's Protected by Tariffs
If you like candy, not you.
XII. The Drive for Exports
The Export-Import Bank, but it's "fully paid for" so don't worry about it.
XIII. Parity Prices
The minimum wage must keep pace with prices.
XIV. Saving the X Industry
Old Henry doesn't look too old fashioned now does he? Sigh.