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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 deficit spending. Show all posts
Showing posts with label deficit spending. Show all posts
Sunday, October 04, 2026

Stagflation Part 17: Eight Months of Twin Deficits, Record Debt, and the Bill for Deferred Adjustment

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  The financial history of the last century shows a steady increase in the amount of public indebtedness. Nobody believes that the states wi...
Sunday, August 23, 2026

Why Isn't Gold Acting Like a Safe Haven—Yet? Part III: Is This Gold's Next Leg Up?

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  First of all there is need to remember that the gold standard did not collapse. Governments abolished it in order to pave the way for infl...
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