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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 Purchasing Power. Show all posts
Showing posts with label Purchasing Power. Show all posts
Tuesday, October 22, 2013

US Fed’s Coming Centennial Anniversary of Failures and Inflationism

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The US Federal Reserve will be observing its 100 years of existence in December 23, 2013. Unfortunately it has been 100 years of volatilit...
Tuesday, August 16, 2011

The US Dollar Standard on its 40th Year

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Known as the Nixon shock , the US dollar-Gold convertibility was closed in August 15, 1971, that’s 40 years ago. How this came about, Cato...
Sunday, August 15, 2010

Why Deflationists Are Most Likely Wrong Again

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“After the crisis arrives and the depression begins, various secondary developments often occur. In particular, for reasons that will be dis...
Tuesday, November 03, 2009

Proof Of Currency Values Aren't Everything: The Euro

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Here is more evidence that "currency values aren't everything" . This from Bloomberg's Chart of the Day , ``The euro’s sur...
Saturday, August 22, 2009

Big Mac Index: Work Time Needed To Earn A Big Mac

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This is an interesting change of perspective in looking at the Purchasing Power Parity based on the Economist's Big Mac index. See previ...
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