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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 opportunity costs. Show all posts
Showing posts with label opportunity costs. Show all posts
Monday, May 05, 2014

Phisix Mania Rages As Money Supply Sizzles for the 9th Month!

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The purpose of studying economics is not to acquire a set of ready-made answers to economic questions, but to learn how to avoid being dece...
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Tuesday, May 21, 2013

Abenomics Fails to Spur Business Spending

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I recently pointed out that the 3.5% boost in Japan’s statistical GDP has not reflected on real economic growth for the basic reason that ...
Wednesday, September 26, 2012

Chart of the Day: Crowding Out Effect from the Welfare State

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From Bloomberg Brief (source Zero Hedge ) [bold original]  Policy choices made in the near-term will affect the economy for years to c...
Friday, June 29, 2012

BSP's loan to the IMF: Costs are Not Benefits

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The simmering debate over the proposed loan to the IMF by the Bangko Sentral ng Pilipinas (BSP) can be summarized as: For the anti-camp, t...
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