Economics in One Lesson V: “Taxes Discourage Production”

This short video covers the key points of Chapter Five “Taxes Discourage Production” from Henry Hazlitt’s “Economics in One Lesson.” The video follows Hazlitt’s argument that taxation is not merely a neat accounting exercise which shifts resources from the private to the public sector, but rather it also affects behaviour in ways that discourage production. Produced by Access Communications in collaboration with the Frontier Centre for Public Policy.