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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 depression. Show all posts
Showing posts with label depression. Show all posts
Friday, April 24, 2020

A Note to My Family: Prepare for Depression

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The damage from the political response against COVID is one for the books.  Because of the global economic shutdown, which erodes cap...
Saturday, October 11, 2008

Chart of the Day: US Dow Jones: Worst Annual Decline in History

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From Chartoftheday.com : ``Continued concerns regarding the credit crisis, a slowdown in consumer spending, and a further weakening of the U...
Sunday, August 10, 2008

Decoupling Recoupling Debate As A Religion

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``The highest intellects, like the tops of mountains, are the first to catch and to reflect the dawn.” - Thomas Babington Macaulay (1800-185...
Sunday, August 03, 2008

Global Markets: The End Of The World? Or Overestimating Global Consequences?

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``I cannot find a single convincing argument that tells me that astrologers won’t do better than economists…The problem is the arrogance of ...
Thursday, June 19, 2008

Recoupling and Inflation Doesn’t Explain Everything…

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Amidst all the gloom and doom, we are told that the entire financial world is going to the gutter out of either the deflation laced recoupli...
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