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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 power. Show all posts
Showing posts with label political power. Show all posts
Wednesday, June 12, 2013

Quote of the Day: Government is not to be trusted. Ever.

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Repeat after me: Government is power.  Government is not to be trusted.  Ever.  Even if you believe that some government is and will alway...
Saturday, May 04, 2013

Quote of the Day: Power is the root of corruption; other aspects are its symptoms

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The  following insightful but lengthy quote references China’s political economy, as written by Professor Weiying Zhang in "The Logic ...
Thursday, April 08, 2010

Is The Newspaper Industry Dead? Probably Not If It Is For Free

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We talked about the potential fate of the newspapers in the advent of the internet [see Creative Destruction: Newspaper Industry Headed For ...
Monday, March 29, 2010

Example of Political Priorities: Politics First, You Later

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This should be a good example of public choice, where officials decide on the basis of their self-interest than for the public good. From Ma...
Saturday, August 29, 2009

4-Block World: Fawning Eulogies

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From Tom McMahon's 4-Block World : Let me add a quote from Professor Don Boudreaux , (all bold highlights mine) ``While Kennedy didn’t c...
Friday, July 03, 2009

The US Federal Reserve: The Creature From Jekyll Island

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Learn about the origins of the US Federal Reserve system, the nature of its operations, the underlying principles and unstated goals, the pe...
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