The More Things Change . .

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Economie fallacies die hard, which is why reading Henry Hazlitt today is as worthwhile as it ever was. There is certainly a better understanding of the virtues and benefits of markets than there has been in many years-and Hazlitt's work is surely part of the reason. But freedom will not be achieved by one man, no matter how prolific and articulate. Many people must assimilate such a man's writings and pass their lessons along to others, in whatever way is fitting.

Opening the newspaper almost any day, one finds the same subjects that occupied Hazlitt for many decades: inflation-that is, government control of money; trade restrictions; business regulation; taxation; deficit …