Economics in One Lesson VI: “Credit Diverts Production”

This short video covers the key points of Chapter Six “Credit Diverts Production” from Henry Hazlitt’s “Economics in One Lesson.” The video follows Hazlitt’s argument that when governments give loans or subsidies to businesses, they merely take funds away from other business and, what’s more, there are systematic reasons why governments will make poor investment decisions. Produced by Access Communications in collaboration with the Frontier Centre for Public Policy.