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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 political institutions. Show all posts

Showing posts with label political institutions. Show all posts

Monday, July 23, 2012

Quote of the Day: Constructing Freedom-Oriented institutions

From libertarian Wendy McElroy at the Laissez Faire Books , (bold original) What is an institution? An institution is any stable an...

Monday, May 14, 2012

Quote of the Day: Hatred is the Essence of Politics

In politics and government, however, the institutional makeup fosters hatred at every turn. Parties recruit followers by exploiting hatre...

Saturday, January 28, 2012

Quote of the Day: In Liberty, Institutions Matter

However that may be, the main point about which there can be little doubt is that Smith's chief concern was not so much with what man...

Tuesday, October 18, 2011

Quote of the Day: Cycles of Political Institutions

From Bill Bonner As an institution matures, little by little it shifts from serving its original purpose to serving the ends of those w...

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