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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 joseph salerno. Show all posts
Showing posts with label joseph salerno. Show all posts
Saturday, January 03, 2015

The Real Economy versus Statistical GDP: How Reducing GDP Increases Economic Growth

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At the Ludwig von Mises Institute , Austrian economist Joseph Salerno differentiates statistical GDP with the real economy and explains why...
Tuesday, February 04, 2014

Bitcoin depends on human valuation and volition

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At the Mises Blog Austrian economist Joseph Salerno brings about a very important insight on Bitcoin (bold mine) Whether or not Bitcoin...
Thursday, March 28, 2013

Quote of the Day: The Roots of the Too Big To Fail Doctrine

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For fractional reserve banking can only exist for as long as the depositors have complete confidence that regardless of the financial woes...
Monday, April 16, 2012

Quote of the Day: Spending Illusion

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The gist of the argument of these luminaries of modern macroeconomics is that an increase in the inflation rate, say to 3 to 4 percent, ...
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