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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 natural calamities. Show all posts

Showing posts with label natural calamities. Show all posts

Sunday, November 16, 2025

The Philippine Q3 2025 “4.0% GDP Shock” That Wasn’t

There is enormous inertia — a tyranny of the status quo — in private and especially governmental arrangements. Only a crisis — actual or...

Tuesday, May 27, 2014

Natural Disasters: Loss of life means reduced economic growth

At the Mises Institute, Professor Frank Hollenbeck makes a splendid case against the "broken window fallacy" or why “ Natural Dis...

Monday, November 18, 2013

Quote of the Day: The difference between Typhoon Haiyan (Yolanda) and Hurricane Camille

The difference, which is more than an order of magnitude, is largely (but not completely) due to poverty. Despite experiencing roughly fiv...

Typhoon Yolanda: From Natural to Man-Made Calamity; Spontaneous Order Thrives!

What alone enables mankind to advance and distinguishes man from the animals is social cooperation. It is labor alone that is productive: i...

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