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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

Friday, April 23, 2010

Celebrating Earth Day With Free Markets

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There are two ways to celebrate Earth Day. The first path, if we opt to follow the environmentalists solution; the most efficient way to red...
Thursday, April 22, 2010

US-China Pork 'Imbalance'

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Here is another interesting development in the international "Pork" market. There seems to be an ongoing divergence in China and t...
Wednesday, April 21, 2010

Graphic: Origin of The Rule of Law

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This seems like an introspective portrayal by Ms. Jessica Hagy apropos "rules" which she calls Don't you know better by now? F...

SEC-Goldman Sachs Row: The Rising Populist Tide Against Big Government

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Professor Arnold Kling writes, ``perhaps it is not so crucial to bolster a financial sector that was misallocating capital or to bolster a ...
Tuesday, April 20, 2010

Quote of the Day on Wall Street: After Nearly A Century, Hardly Any Change

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Here is Murray Rothbard on the predicament of the Fed's origin ``The bankers, however, faced a big public relations problem . W hat they...
Monday, April 19, 2010

SEC-Goldman Sachs: Hindsight Bias, Staged For Political Advantage

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This looks like a nice flowchart illustration from Wall Street Journal of the controversial Goldman Sachs-John Paulson deal. We find new in...

More On Goldman Sachs: Moral Hazard And Regulatory Capture

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More on the Goldman Sachs debate. Simon Johnson writes , ``When you deliberately withhold adverse material information from customers, tha...
Sunday, April 18, 2010

How Myths As Market Guide Can Lead To Catastrophe

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``This is how humans are: we question all our beliefs, except for the ones we really believe, and those we never think to question.” -Orso...

Why The US SEC-Goldman Sachs Hoopla Is Likely A Charade

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``In discussing the situation as it developed under the expansionist pressure on trade created by years of cheap interest rates policy, on...
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