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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 Spain politics. Show all posts

Monday, November 10, 2014

80% of Catalonians Say YES to Independence!

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Last night I wrote (bold mine) Unlike the failed Scottish vote for independence where Scotland has mostly been a tax consumption econo...

Saturday, October 19, 2013

More Parallel Universes: Spain’s Bond Markets and EU Macro

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Europe has been a showcase for the falsification of what seems as conventional relationships between financial markets and fundamentals or ...

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Tuesday, July 23, 2013

Social Security Funds as Government Milking Cow: Spain Edition

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I previously pointed out what seems as Ponzi financing scheme where the Spanish government has raided its pension reserve fund in order to...

Friday, April 05, 2013

Spanish Government’s Ponzi Financing Scheme

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More signs why the European debt crisis is far from being over. Spain’s pension fund has been loaded with debt from the Spanish governm...

Monday, November 26, 2012

Third Wave Politics: Secessionist Parties in Spain Gains Political Footing

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In the information age, forces of decentralization will function as the key agents of social change. In the realm of politics, such ev...

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