Money & Business
What would happen to the economy if we all stopped drinking?
...economic benefits of a thriving alcohol industry have become deafening in recent weeks, as lobbying continues for cuts to alcohol duty in March’s Budget. Bastiat would have seen right through them, and urged us to pay attention to “that which is not seen” – the counterfactual. If the shopkeeper did not have to pay for a new window, he could have spent the money on...