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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 Public goods. Show all posts

Monday, November 07, 2016

Why the Duterte Government’s “Build, Build, Build” Signifies a Recipe for a Crisis

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Last weekend, I wrote The NEDA just did NOT get the memo. Like the war on drugs, political mega deals with the Chinese government wil...

Friday, April 15, 2016

Quote of the Day: Why Drinking Water is Not a Public Good

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A public good, according to Econ 101, has two specific characteristics: it is (1) non-excludable and (2) non-rivalrous in consumption. ...

Tuesday, June 24, 2014

When Political Promises Fail: Kiev Doubles Prices of Cold Water

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Sovereign Man’s Simon Black relates of the real time unfortunate developments in the Ukraine capital of Kiev, where political promises on ...

Wednesday, April 30, 2014

Infrastructure Spending Growth Story Myth: US Edition

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During the weekend I wrote about how—the much touted growth story from government public work/infrastructure spending—has been an age old m...

Monday, April 28, 2014

Phisix: The Showbiz Political Economy and the Showbiz Financial Markets

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Nothing can now be believed which is seen in a newspaper. Truth itself becomes suspicious by being put into that polluted vehicle. The real...

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