Butterflies, Blowback & Unintended Consequences

By |2014-01-27T00:02:55-05:00January 26th, 2014|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

The Law Of Unintended Consequences, often cited but rarely defined, is that actions of people - and especially of government - always have effects that are unanticipated or unintended. Economists and other social scientists have heeded its power for centuries; for just as long, politicians and popular opinion have largely ignored it. Rob Norton, The Concise Encyclopedia of Economics There [...]