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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 theory and history. Show all posts
Showing posts with label theory and history. Show all posts
Monday, September 03, 2012

Hyperinflations and the Mickey Mouse Peso

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In a transcript from a lecture, the illustrious Austrian economist Percy L. Greaves Jr. explains the stages of inflation . Sales to the...
Saturday, August 11, 2012

The Major Risk from Currency Union Breakups: Hyperinflation

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At the Peterson Institute for International Economics, Mr. Anders Aslund has an interesting paper on the historical aftermaths of the disso...
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