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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

Monday, March 26, 2012

Why Socialists Hate the Internet

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Writes Mary O’Grady at the Wall Street Journal , (bold emphasis mine) [hat tip Mark Perry] 'There's a reason the people in Cuba...

Phisix: Massive Global Credit Easing Policies Means Short Term Profit Taking

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Economic weakness of China and of high oil prices, which supposedly threatens global economic growth, has been attributed by media as the ca...

Signs of Intensifying Political Woes in China?

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Is it really China’s growth story that has distressed the markets as alleged by media? Let us further examine what media imputes as the ...
Saturday, March 24, 2012

Graphic: The Virtue of Failure

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The incredibly creative Ms. Jessica Hagy has a great illustration of what I have been lately discussing about as the virtues of failure (wh...
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Quote of the Day: How the Information Age has been Enriching People’s Lives

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This is a rather long but substantially insightful excerpt from Jeffrey A. Tucker of Laissez Faire books on the unquantifiable benefits of ...
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Shale Oil Revolution: (Laissez Faire) Capitalism Deals Peak Oil a Fatal Blow

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I used to believe in peak oil. That all changed when I got immersed in Austrian school of economics. I have come to realize that we are dyna...

Buy Low, Sell High the Euro Crisis

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Daily Reckoning’s Chris Mayer opines that the Eurozone crisis is a golden opportunity for investors because it represents “the biggest fires...
Friday, March 23, 2012

Gold is Money: Turkey Edition

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While Ben Bernanke and his ivory tower based cohorts do not treat gold as money, for the average Turks, gold is money . From the Wall Stre...

Cartoon of the Day: Wind Power: All the Pain for Zero Gain

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From Watts up with That (hat tip Professor Mark Perry)

The Mythical World of Ben Bernanke

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For Ben Bernanke and their ilk, the world exists in a causation vacuum, as things are just seen as they are, as if they are simply "giv...
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