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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 world economic growth. Show all posts
Showing posts with label world economic growth. Show all posts
Wednesday, March 16, 2011

The Declining Influence of Japan’s GDP

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Yesterday’s widespread selloff had fundamentally been a black swan nuclear meltdown story. In other words, the market priced the uncertainty...
Sunday, July 27, 2008

Relative Economic Growth, Lack of Access to Capital and Global Depression

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``With greater wealth comes greater responsibility. This is inescapable. Wealth has a social function. If you own something, you must mak...
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