prudent investor newsletters

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 spending illusion. Show all posts

Showing posts with label spending illusion. Show all posts

Tuesday, August 05, 2014

Why Asia is in Trouble: Corporate Savings Under Assault

For the government and the mainstream, the only thing that matters for the political economy is spend, spend, spend to infinity and beyond,...

Sunday, January 13, 2013

Philippine Economy’s Achilles Heels: Shopping Mall Bubble (Redux)

Early December, my daughter went with her cousins to watch a movie at one of the long established popular mall. I went to fetch my daughter...

Monday, October 08, 2012

Quote of the Day: Spending Isn’t Production

If we take a step back and think about it, it’s obvious that spending per se isn’t the source of economic benefits. It’s easy to spend. If...

Monday, April 16, 2012

Quote of the Day: Spending Illusion

The gist of the argument of these luminaries of modern macroeconomics is that an increase in the inflation rate, say to 3 to 4 percent, ...

View web version

Powered by Blogger.