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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 central banking origin. Show all posts

Thursday, July 19, 2012

Video: Murray Rothbard on the Origin of the US Federal Reserve

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[hat tip Bob Wenzel]

Friday, June 29, 2012

BSP's loan to the IMF: Costs are Not Benefits

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The simmering debate over the proposed loan to the IMF by the Bangko Sentral ng Pilipinas (BSP) can be summarized as: For the anti-camp, t...

Friday, March 23, 2012

The Mythical World of Ben Bernanke

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For Ben Bernanke and their ilk, the world exists in a causation vacuum, as things are just seen as they are, as if they are simply "giv...

Sunday, March 18, 2012

Global Stock Markets: Will the Recent Rise in Interest Rates Pop the Bubble?

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The natural tendency of government, once in charge of money, is to inflate and to destroy the value of the currency. To understand this trut...

Tuesday, March 22, 2011

Video: A History of Central Banking

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Here is a short video on the history of Central Banking from Cato’s Dan Mitchell ... Here is the list of US and world financial crisis fro...

Tuesday, April 20, 2010

Quote of the Day on Wall Street: After Nearly A Century, Hardly Any Change

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Here is Murray Rothbard on the predicament of the Fed's origin ``The bankers, however, faced a big public relations problem . W hat they...

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