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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 Livermore-Machlup. Show all posts
Showing posts with label Livermore-Machlup. Show all posts
Tuesday, March 08, 2011

The Low Correlation Between the Stock Market And Economic Growth

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Analyst John Mauldin cites Crestmont Research’s Ed Easterling who argues “stock market is not correlated with economic growth”. They say ...
Sunday, August 30, 2009

Situational Attribution Is All About Policy Induced Inflation

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``Believe nothing just because a so-called wise person said it. Believe nothing just because a belief is generally held. Believe nothing jus...
Sunday, August 02, 2009

Bubble Thoughts Over Meralco’s Bubble

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``The lies the government and media tell are amplifications of the lies we tell ourselves. To stop being conned, stop conning yourself.”- Ja...
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