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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

Saturday, November 23, 2013

Phisix and the Manny Pacquiao Post Hoc

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The boxing legend Manny Pacquiao 35 will try to regain lost glory with a return bout against Brandon Rios 27 for the vacant WBO welterweigh...
1 comment:
Friday, November 22, 2013

Quote of the Day: Four Old Fashioned Monetarist Heresies

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1) For any given growth rate of aggregate spending, lower actual rates of price and wage inflation mean higher levels of output and emplo...

Self Promotion: Forbes’ Jesse Colombo Endorses My View: The Philippines' Economic Miracle Is Really A Bubble In Disguise

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Forbes’ columnist the articulate Jesse Colombo emails (published with Mr. Colombo’s permission) I’m a Forbes columnist and economic anal...
Thursday, November 21, 2013

Paul Krugman's "capitulation" on Obamacare

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Economic Policy Journal’s Chris Rossini showcases on the transitional capitulation by the popular economist Paul Krugman on Obamacare (hat ...

Quote of the Day: Economists are about as useful as a fork in a sugar bowl

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If you suspected that mainstream economists are useless at the job of seeing a crisis in advance, you would be right. Dozens of studies sh...

Developing… Indonesia’s Rupiah testing new 5 Year lows

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Instead of focusing at Typhoon Yolanda, I said that we should focus on our neighbors. Here is what I wrote last weekend I would rather ...
1 comment:
Wednesday, November 20, 2013

Video: Google Search: The Reunion (What GDP can't capture)

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Hat tip Cafe's Hayek's Russ Roberts ; Source Google India

Bitcoin’s Future is in Asia and More

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Well bitcoin has been under sustained fire from authorities who see cryptocurrencies as undermining the monopoly of central bank fiat money...

US Jobs Statistics Allegedly Manipulated Prior to Obama Re-election in 2012

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The official "knee jerk" response has been to always deny and to call for investigation on charges of statistical manipulation. ...
Tuesday, November 19, 2013

Chart of the Day: A Gold to Bitcoin Rotation?

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Bitcoin has more than doubled during the past two weeks.  Bitcoin was last traded at 784 per USD dollar ( Mt. Gox ) while gold at...
Monday, November 18, 2013

Quote of the Day: The difference between Typhoon Haiyan (Yolanda) and Hurricane Camille

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The difference, which is more than an order of magnitude, is largely (but not completely) due to poverty. Despite experiencing roughly fiv...

Typhoon Yolanda: From Natural to Man-Made Calamity; Spontaneous Order Thrives!

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What alone enables mankind to advance and distinguishes man from the animals is social cooperation. It is labor alone that is productive: i...
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