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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 Uncertainty. Show all posts

Monday, September 09, 2013

US Equity Markets: The Deepening Wile E. Coyote Moment

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Central bankers and interventionists need to stop approaching the system as one driven by random shocks, because this mind-set leads them t...

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Saturday, May 05, 2012

Are Booming Sales of Home Safes signs of the Next Crisis?

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In the US, home safes or vaults seem to be in fashion From Smart Money In an era marked by financial turbulence, it's probably no...

Thursday, April 19, 2012

Video: What can Economist Know? The Value of Heuristics in an Uncertain World

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German psychologist and professor Gerd Gigerenzer argues that heuristics has an inbuilt or genetic value for us, therefore should not be tr...

Tuesday, May 10, 2011

Because We Are Uncertain About The Future, We Speculate

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Below is an example of a deceptive article which attempts to pin the blame of surging commodity prices, particularly of onion, on “speculato...

Thursday, November 11, 2010

Uncertainty And Pessimism Bias

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