The essence of economics is cooperation. The spirit of government is coercion. No nation has ever been able to effect a harmonious balance between these two opposing spheres of influence. There are more fallacies in economics than in any other area of study, and all of them have the same root cause: to focus on the immediate benefits of a policy to a single group (a) to the neglect of other groups, and (b) in ignorance of the long-term consequences...