The Lions in the Grass, Revisited
- Sunday, April 6, 2014, 21:28
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“In the economic sphere an act, a habit, an institution, a law produces not only one effect, but a series of effects. Of these effects, the first alone is immediate; it appears simultaneously with its cause; it is seen. The other effects emerge only subsequently; they are not seen; we are fortunate if we foresee them.
http://www.forbes.com/sites/johnmauldin/2014/04/06/the-lions-in-the-grass-revisited/
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