Taxes, production, inflation, employment, import duties, government price regulation, minimum wage - these terms are so firmly entrenched in our everyday vocabulary that we rarely think about what is behind them. Prominent economists and politicians constantly assure us of the need for expansion of public works, minimum prices and agricultural credit, but what are the actual results of these and many other economic measures? The famous economist and journalist Henry Hazlitt will help us understand this. Armed only with common sense, he shatters numerous economic misconceptions that have been presented to the public as common knowledge for many decades. The book will be of interest to both a professional economist and any reader - consumer and taxpayer.