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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 Caroline Baum. Show all posts
Showing posts with label Caroline Baum. Show all posts
Wednesday, October 21, 2015

Quote of the Day: Why Health Care Is Not a Right

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The problem with his statement is that rights aren't the government's to give. John Locke, the 17th century English philosopher...
Thursday, December 04, 2014

Quote of the Day: Conspicuous consumption should not be the goal of a prosperous society

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Someone once said that the wealth of nations comes not from what we spend but from what we sow (actually, I wrote that several years ago)....
Thursday, October 24, 2013

Quote of the Day: Economics isn’t, and will never be, a science

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I wonder how Chetty would use those tools to provide compelling answers to the following questions: 1. What is the expected rate of ec...
Thursday, November 22, 2012

Thanksgiving Day: The Triumph of Capitalism

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Americans celebrate the traditional Thanksgiving day today. But many fail to realize that the quintessence of Thanksgiving is the show...
Wednesday, February 22, 2012

Quote of the Day: Industrial Policies

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From Bloomberg columnist Caroline Baum Yes, other countries, such as China, have "industrial policies," with government subsi...
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