What is Seen and Not Seen

What is seen:




What is not seen:



[Cut and paste a photo of what you would have bought or invested in or invented or the business you could have started if you had more money, i.e. paid less taxes---either directly to the tax boards or indirectly through lost purchasing power due to the Fed's increase in the money supply.]




That Which is Seen and that Which is Not Seen, by Frederic Bastiat, 1850


(For a concrete example of this principle as it relates to the recent Cash-for-Clunkers program, see the latest post by The Rational Capitalist.)
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