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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 racism. Show all posts

Saturday, December 07, 2013

Best Tribute to Nelson Mandela comes from Rush Hour’s Detective James Carter

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There has been no shortage in the outpouring of homage to the departed politician Nelson Mandela (1918-2013) Philippine media jumps in...

Wednesday, September 18, 2013

Thomas Sowell: Why the minimum wage isn’t compassion for the poor

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Snippets from economist Thomas Sowell’s article entitled Minimum Wage Madness at the lewrockwell.com Minimum wage hurt the young and t...

Thursday, February 14, 2013

Video: Milton Friedman on the Minimum Wage Law

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In the following video, the late illustrious economist and Nobel prize winner Milton Friedman eloquently explain ed of the nasty side effe...

Friday, June 03, 2011

Free Trade’s Influence on Culture

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Even a culture of hate, bigotry and intolerance can be reformed by free trade. From the Slate , (hat tip David Boaz ) If a century se...

Sunday, May 02, 2010

Why “Buy Philippines” Will Make Filipinos Poorer

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``Protectionism is simply a plea that consumers, as well as general prosperity, be hurt so as to confer permanent special privilege upon g...

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