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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 rent. Show all posts

Thursday, July 28, 2011

Quote of the Day on Rent Seeking and Regulatory Capture

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You think that the predicament of crony capitalism through the unholy stealth relationship between government agencies and big corporations,...

Saturday, March 26, 2011

Symptoms of Crony Capitalism: Soaring US Financial Profits

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This is exactly how crony capitalism looks like. Following massive support from the US government, US financial firms posts huge profits. ...

Monday, February 21, 2011

Usury Prohibition: Medieval Crony Capitalism

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During medieval Europe, the Roman Catholic Church via Pope Benedict XIV promulgated usury prohibition or Vix Pervenit: On Usury and Other D...

Thursday, July 15, 2010

President Aquino’s Cabinet Appointments: The More Things Change, The More They Remain The Same

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As the Aquino Administration matures, current developments seem to be confirming my predictions that there will hardly be any change in the ...

Thursday, July 08, 2010

Forbes’ Philippines 40 Wealthiest

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Here is the updated list of the Philippines’ who’s who or the wealthiest 40 from Forbes . Click here for a crispier image While attainin...

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