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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 unsustainable programs. Show all posts
Showing posts with label unsustainable programs. Show all posts
Saturday, April 02, 2011

Saudi Arabia’s Unsustainable Welfare State

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The Wall Street blog reports , (bold highlights mine) Another reason to brace for higher oil prices in coming years: big oil exporters...
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Tuesday, August 17, 2010

Has The Welfare State Peaked?

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As Economist Herb Stein used to say, “If something cannot go on forever, it will stop.” The welfare state which basically picks from one p...
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