Learn economics or die!

Or at least get chewed up by People Who Know Better Than Anyone Else.

Near the end of Human Action Ludwig von Mises declared that it was the “primary civic duty” to learn the teachings of economics.

For instance,

The public’s growing furor over the Patient Protection and Affordable Care Act — popularly known as “ObamaCare” — beautifully illustrates Mises’s point. No one has any business being shocked — shocked! — that millions of Americans will lose their current health insurance (including the present, irritated, writer), because such an outcome was obvious all along.

Furthermore, the hilarious snags with healthcare.gov are merely a sideshow; the true problems with ObamaCare run much deeper than a malfunctioning website.

If smart, educated people had only known . . .

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