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Economic Fallacy VI: The Divisive Multiplier
There is a widespread believe that if governments inject a certain amount of money into “an” or “their” economy, it will miraculously multiply and bear fruit beyond what was invested. This is one of...
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Economic Musings V: Subsidies, Brothers and Nannies
There are a thousand-and-one reasons why states “need” to subsidise economic activities. And there are at least as many critiques as to how the money was wisely spent, should not have been spent,...
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