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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 Praxeology. Show all posts

Wednesday, October 21, 2015

Economic Myth Busted: In the US, Savings from Lower Gas Prices was Spent on even More Gas!

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Friday, April 03, 2015

Ludwig von Mises: The Peculiar and Unique Position of Economics

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In celebration of this year's Holy week , residents of the Philippines will be having a long weekend. So before I sign out for the ...

Thursday, January 08, 2015

Voluntary Exchange vs. Government Mandates: Why State ownership is not real ownership

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At the Mises Institute , Austrian economist Patrick Barron eloquently explains the difference between individual (voluntary) transactions a...

Monday, March 17, 2014

Phisix: A Deeper Look at the Philippine and Indonesian Stock Market Mania

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A Creeping Déjà vu of the February 2013 Mania Well, actions in the Philippine stock exchange seem like a déjà vu of the manic phase of F...

Thursday, September 05, 2013

Economic Forecasting: The Mainstream’s Horrible Track Record

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Aside from the agency problem , here is another reason why economic and market predictions or forecasts by mainstream "experts" s...

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