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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 parasitism. Show all posts

Tuesday, October 01, 2013

The Symbiotic relationship between Crony Capitalism and the Welfare State

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The welfare state has been built on the popular delusion that the major beneficiaries have been the underprivileged or the poor. In re...

Tweet of the Day: Jim Rickards on US Government Shutdown

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This is from American lawyer, economist and author of the Currency Wars, James ‘Jim’ G. Rickards at his twitter (hat tip Peter Coyne of...

Friday, April 26, 2013

Quote of the Day: Watch Asset Classes that are the Most Vulnerable to Wealth Taxes

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When a government goes bust in a democracy (and most Western governments cannot possibly meet their unfunded liabilities) the majority of ...

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, October 21, 2011

Lew Rockwell on the REAL Evil 1%

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Mises Institute Founder and Chairman Llewellyn H. Rockwell, Jr. eloquently writes , In the end, we end up with about 3 million people w...

Monday, May 30, 2011

How Multilateral Agencies Profit From Global Taxpayers

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