links for 2009-10-13
Posted on 14. Oct, 2009 by dwight in Links
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'Note also that the precipitating factor of the business cycle is not some phenomenon inherent in the free market. It is intervention into the market that brings about the cycle of unsustainable boom and inevitable bust. As business-cycle theorist Roger Garrison succinctly puts it, “Savings gets us genuine growth; credit expansion gets us boom and bust.”'
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"Hot water for hand washing has not been proved to remove germs better than cold water."
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"The point in such cases is not that the public isn’t smart enough to figure out what the truth is. The point is the opposite. The public is too smart to waste its time focusing on matters that are not important for it to understand."
(this link will open a print dialogue)
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