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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 wealth. Show all posts
Showing posts with label wealth. Show all posts
Monday, October 01, 2012

Bastiat on Why Protectionism Fails: Money is Not Wealth

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One of the fundamental flaws of protectionism have been to mistake money, which is a medium of exchange, for wealth. Thus, the obsession by...
Tuesday, July 17, 2012

The Homeless and Nomad Billionaire: Burger King Boss Nicolas Berggruen

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From the Daily Mail (hat tip Sovereign Man) Like most nomads, Nicolas Berggruen travels light. He doesn't own a house, car o...
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Saturday, June 02, 2012

Shrinking American Millionaires

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This is not about increasing number of Americans fleeing the US . Instead this about Americans enduring sharp losses from stock market inves...
Monday, January 23, 2012

Quote of the Day: Wealth is about Value

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Wealth is merely the ability to get things that we want . Since most of us are not independently wealthy, we have to work to create thing...
Saturday, July 03, 2010

Wealth Makes Health And Intelligence

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The Economist shows a study associating intelligence with incidences of infectious diseases. The Economist writes , "HUMAN intelligence...
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