In this episode of Between Lines and Lands, Shakil and Towheed turn their attention to Economics in One Lesson by Henry Hazlitt. Following from our last discussion of Ha-Joon Chang’s 23 Things..., we examine Hazlitt’s relevance today and ask: do current economic policies honor or violate basic lessons of efficiency and consequence?

We explore:

• The Broken Window Fallacy - why destruction and government stimulus are often misframed as economic gains, and what is unseen (after Bastiat and Hazlitt) when policies aim to fix every visible problem.

• The Forgotten Man - using BGMEA (Bangladesh Garment Manufacturers & Exporters Association) as a case study, Shakil shows how some government projects created only symbolic job numbers, while ignoring broader inefficiencies and opportunity costs.

• Projects for jobs without economic viability - examples such as building bridges without connected roads; how this reflects governments prioritizing short-term appearances and immediate employment over sustainable infrastructure.

• Rent control under debate (Zohran Mamdani’s proposals) — Shakil argues for rent control, defending it as necessary protection for tenants; Towheed counters with concerns about price distortions, supply shortages, and long term inefficiency. We present data and legal challenges, drawn from what experts are saying.

This 53 mins of recorded thought took place despite the odds—Towheed working past midnight BDT, Shakil waking before dawn in SoCal. We were tired, but engaged.

Takeaway for listeners: don’t accept economic policies at face value. Understand the lessons, ask “What is unseen?”, challenge assumptions.