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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 Gideon Gono. Show all posts
Showing posts with label Gideon Gono. Show all posts
Friday, December 02, 2011

Zimbabwe’s Gideon Gono Hearts the Chinese Yuan

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Below is an interesting article about the eccentric Gideon Gono of Zimbabwe. From New Zimbabwe (bold emphasis mine) RESERVE Bank gov...
Thursday, November 03, 2011

Losses from Japan’s Currency Market Intervention Mounts: Estimated at $512 billion

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I earlier posted that Bank of Japan’s losses have accrued to $281 billion , it seems that the losses have been accruing pretty fast. From ...
Monday, January 18, 2010

It’s Not Deleveraging But Inflationism, Stupid!

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A popular analyst recently wrote in his weekly outlook that the underlying theme of today’s environment should be known as “It’s the Delever...
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Monday, March 30, 2009

Expect A Different Inflationary Environment

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``For inflation does not come without cause. It is the result of policy. It is the result of something that is always within the control ...
Thursday, March 19, 2009

$9.9 Trillion and Counting, Accelerating the Mises Moment

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US government's bailout tab has now risen to $9.9 trillion as tabulated by the New York Times. And as we have said, more of these would ...
Saturday, February 21, 2009

Spending Trillions to Break the Barriers in Lending, Will it work?

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Interesting article from the New York Times on the present crisis in the US, The Present Dilemma (all bold highlights mine)… ``Larg...
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