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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 Robert Murphy. Show all posts
Showing posts with label Robert Murphy. Show all posts
Saturday, August 02, 2014

Quote of the Day: The FDIC’s very paltry defense against defaults

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Since then, FDIC recovered a bit, and as of 2013 had $47 billion back in its fund. This small defense was insuring some $6 trillion in ins...
Saturday, July 27, 2013

The Four Horsemen of the Financial Apocalypse

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In the Book of Revelation in the Christian Bible, the end of the world or the ‘Last Judgment’ will be presided by the four horseman of the ...
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Thursday, January 17, 2013

Quote of the Day: The Virtues of Stock Market Speculation

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But the speculator’s actions have conferred definite services to the community. He has smoothed out the jumps in Acme’s share price. By bu...
Wednesday, October 10, 2012

Tom Woods and Bob Murphy Refutes HuffPo’s 11 Myths about the Fed

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Austrian economists Tom Woods and Bob Murphy turns the table on an apologist for the FED at the Huffington Post with a terrific smackdown ...
Monday, October 08, 2012

Quote of the Day: Spending Isn’t Production

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If we take a step back and think about it, it’s obvious that spending per se isn’t the source of economic benefits. It’s easy to spend. If...
Thursday, March 24, 2011

Video: Understanding The Difference Between Private and Public Enterprises

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Dr. Robert Murphy explains the fundamental difference between private businesses and public enterprises.
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