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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 economic basics. Show all posts

Thursday, March 14, 2019

Economics 101: Price Ceiling Causes (Water) Shortages!

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Economics 101: Price Ceiling Causes (Water) Shortages! From the Inquirer : “Consumer demand for water bigger than supply since 2016”...

Monday, November 25, 2013

Video: Mark Thornton on Real Economic Growth versus Statistical Economic Growth

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"Don't be fooled by GDP (3:17)...you've got to be leery of statistics (4:14)"

Saturday, April 30, 2011

Cartoon of the Day: Diminishing Marginal Utility

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From Graph Jam (hat tip Casey Research)

Friday, March 11, 2011

It’s The Spending, Not Debt Stupid!

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In excoriating mainstream media’s miasmatic logic, author and Professor Steven Landsburg eloquently explains why government debt isn’t the p...

Wednesday, December 22, 2010

Should Economics Be Left To The Economists? Is Economics Value Neutral?

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At a recent assembly, I counselled a promising and youthful colleague, who had been rebuffed in trying to introduce classical liberalism to ...

Sunday, August 29, 2010

The Road To Inflation

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``The incorrigible inflationists will cry out against alleged deflation and will advertise again their patent medicine, inflation, rebaptisi...

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