Bailouts are the best source of inflation.
And inflation is the best poverty machine.
Friday, September 19, 2008
Monday, September 15, 2008
Recession
The crueler an economic recession is the sooner it will be over.
Let the markets solve the problem.
Let the markets solve the problem.
Monday, September 8, 2008
The best recipe for poverty
Government never know where jobs will come from.
Jobs depend not on government but upon satisfying customers.
Aversion to competition and international trade is the best recipe for poverty.
Jobs depend not on government but upon satisfying customers.
Aversion to competition and international trade is the best recipe for poverty.
Monday, August 25, 2008
Market is the best teacher
Market is the best teacher and governments should let market discipline reign free.
The dangers of financial deregulation end up when foolish investors play
attention to returns.
No matter how smart is the regulator he will be always unable to prevent
financial crisis.
Let the market clean the mess.
The dangers of financial deregulation end up when foolish investors play
attention to returns.
No matter how smart is the regulator he will be always unable to prevent
financial crisis.
Let the market clean the mess.
Friday, August 22, 2008
Inflation in August 2008 in Europe and USA
Unions are more powerful in the 15-nation euro zone than in the U.S., and many laws and practices there are more worker-friendly. That's part of the reason why many European workers are keeping up with inflation better than their U.S. counterparts
Wages and salaries in the euro zone were 3.4% higher in the first quarter than in the year-earlier period, matching the first-quarter annual inflation rate.
In the U.S., where unions are weaker and wages aren't often indexed to inflation, workers fell behind. Consumer prices were 4.1% higher in the first quarter than in the year-earlier period, but workers' wages and benefits increased 3.3% over the same period.
What's good for Europe's workers, however, could prove costly to its economy. As European wages rise, employers come under pressure to increase prices to cover labor costs. The added danger in countries where wages are formally indexed to inflation is an inflationary spiral that's hard to tamp down. Sharp wage increases could prompt European companies to lay off workers or move more jobs to countries where labor is cheaper.
Wages and salaries in the euro zone were 3.4% higher in the first quarter than in the year-earlier period, matching the first-quarter annual inflation rate.
In the U.S., where unions are weaker and wages aren't often indexed to inflation, workers fell behind. Consumer prices were 4.1% higher in the first quarter than in the year-earlier period, but workers' wages and benefits increased 3.3% over the same period.
What's good for Europe's workers, however, could prove costly to its economy. As European wages rise, employers come under pressure to increase prices to cover labor costs. The added danger in countries where wages are formally indexed to inflation is an inflationary spiral that's hard to tamp down. Sharp wage increases could prompt European companies to lay off workers or move more jobs to countries where labor is cheaper.
Sunday, August 10, 2008
Every time the government touches an industry
Every time the government touches an industry you know that industry is going to collapse .
You have a clear example with the real estate industry .
The government created two companies Fannie Mae and Freddie Mac to "help" the poor.
You know the end. These two companies plus property taxes destroyed the industry.
You have a clear example with the real estate industry .
The government created two companies Fannie Mae and Freddie Mac to "help" the poor.
You know the end. These two companies plus property taxes destroyed the industry.
Tuesday, August 5, 2008
Inequality is the natural motor of wealth creation
Taxes are the natural enemy of wealth creation.
Inequality is the natural motor of wealth creation.
Only wealth creation destroy poverty.
Inequality is the natural motor of wealth creation.
Only wealth creation destroy poverty.
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