A constant reminder that life was so much better before the internet
It's like, they are getting ready for Red Nose Day, but the joke is on us.Printing money has never been the answer!
What this chap says echoes the lessons of Frederic Bastiat - http://www.econlib.org/library/Bastiat/basEss1.html - he talks about the good economist (who sees what is not seen in the immediate) and the bad economist (who sees only the immediate).Nu Lab in particular seem only interested in the immediate. More fool them... (too many eedjits voted for them, more fool us).
"it consists in tracing the consequences of that policy not merely for one group but for all groups."There is only one group that matters to Labour. It is not their party either.
Fee.org also has Hazlitt's book on inflation for download. Here's the link for any interested. www.fee.org/pdf/the-freeman/hazlitt1104e.pdf
Great find on the link.Enjoy your crisps!
FFSakePoliticians are just that, politicians.The First objective is to attain power and the second is to retain it.Why, because they are all mentally unstable.It should be made a disqualification criterion for anyone to be a politician before becoming one.Good economics is about thinking and seeing through today's economic decisions.Why do opposition politicians pay lipservice to that, because they can, without fear of unpopularity. They are focussed on achieving power (see objective 1)and this is a useful too to con the great unwashedWhy don't incumbent politicians do that, get somebody to do it for them or listen to people who have? Go to objective 2Politicians should be put down at birth or just maybe we could find the errant genes and normalise the shitbags before puberty.
Twelve videos discussing each of the chapters within the book:Video 1: The LessonVideo 2: The Broken WindowVideo 3: Public Works Mean TaxesVideo 4: Credit Diverts ProductionVideo 5: The Curse of MachineryVideo 6: Disbanding Troops and BureaucratsVideo 7: Who's Protected by Tariffs?Video 8: "Parity" PricesVideo 9: How the Price System WorksVideo 10: Minimum Wage LawsVideo 11: The Function of ProfitsVideo 12: The Assault on Saving
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