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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 repression. Show all posts

Showing posts with label economic repression. Show all posts

Friday, June 13, 2014

Mark Thornton: How Smugglers Made America

I’ve been saying here that smuggling represents “the unintended consequence of economic and financial repression that constitutes part of ...

Monday, March 31, 2014

Phisix: BSP’s Response to Peso Meltdown: Raise Banking Reserve Requirements

Keynesianism has the markings of a religion. It has a confession: "Fiat money overcomes recessions." It has an agenda: salvation ...

Monday, April 01, 2013

Quote of the Day: EU’s Market Destroying Institutions

As the EU moved from a free trade zone to a political system after the ratification of the Maastricht Treaty in 1992, it also (among many ...

Friday, March 29, 2013

War on Cash and Informal Economy: Russia to ban Transactions over $10,000

Since the financial crisis of 2008, governments around the world have taken financial repression to a higher level. Russia’s governmen...

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