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The art of economics consists in looking not merely at the immediate hut at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups—Henry Hazlitt

Showing posts with label 4-Block World. Show all posts
Showing posts with label 4-Block World. Show all posts
Tuesday, April 06, 2010

Example of Good Deflation: Productivity and Technology Improvements

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If you read the economic news, you'd have this impression that falling prices or deflation is "bad" for the society. Really no...
Saturday, August 29, 2009

4-Block World: Fawning Eulogies

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From Tom McMahon's 4-Block World : Let me add a quote from Professor Don Boudreaux , (all bold highlights mine) ``While Kennedy didn’t c...
Friday, May 08, 2009

4-Block World: Who Says Green Jobs Don't Pay Well

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Great illustration of Al Gore's Green Jobs From Tom McMahon's 4-Block World
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