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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 insurance. Show all posts

Tuesday, November 05, 2013

Why Social Security Is Not an Insurance

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Social Security has been sold to the public as insurance. The reality is that coercive redistributive welfare programs ( Rothbard , Friedm...

Friday, June 29, 2012

Understanding Political Terminologies 2: Social Justice, Greece, Austerity and Insurance

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Political language have been deliberately mangled to suit and promote the interests of political agents and their followers. I have given a ...

Saturday, November 19, 2011

Key Man Risk: With Steve Jobs Gone, Apple In A Funk

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From Bloomberg , Anyone who expects Apple Inc.’s growth to rebound after sales and earnings shortfalls last quarter is “living in den...

Thursday, April 09, 2009

Negative Chain Effects from Regulatory Arbitrage: The AIG experience

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In the Freakonomics blog , Daniel Hamermesh commented on a review of Kat Long ’s The Forbidden Apple where he notes of how prohibitions hav...

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