Monthly Archives: November 2011

Spending, saving and the broken window fallacy

I recently posted about Henry Hazlitt’s classic Economics in One Lesson, which is essentially an application of the broken window fallacy to many areas of economics. Before continuing in the series on this book, I thought it would be useful … Continue reading

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I never knew talking computer animals could be so funny

From the same guy who brought us “Quantitative Easing Explained” also has another funny video explaining the bank bailouts. My favourite quote: “This is not the change we can believe in”.  

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Quote of the day

Remember the trader on the BBC who was widely mocked and criticised for talking about “profiting from the crisis”? Well, he also claimed the Goldman Sachs ruled the world, much to the bemusement of the BBC interviewer. Well, today, from … Continue reading

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The case for pessimism

For those hoping for a positive, upbeat post today, you’ll have to look elsewhere. The direction world leaders are heading doesn’t bode well – it seems each country is trying to out do its neighbours in repeating the mistakes of … Continue reading

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Left, Right and Libertarianism

As a libertarian, I see the traditional left right divide as unhelpful and confusing. It is arguable if these distinctions are even relevant at all today. What is perceived as left or right has changed back and forth considerably since … Continue reading

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Tom Woods on the causes of the crisis

For those with the spare time, this is a great and enjoyable lecture by Thomas Woods, explaining the causes of the economic crisis we are in. He rightly places the blame at the policies (and indeed, the existence of) the US Federal … Continue reading

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Hazlitt’s Economics in One Lesson: The Broken Window

This is the first in a series based on Henry Hazlitt’s Economics in One Lesson, a book originally published in 1946 which beautifully explains so much of economics from one very simple idea: Therefore, the whole of economics can be reduced to … Continue reading

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