Money given by the Government

Money given by the Government is money taken from one part of the economy
and redistributed it to other who either save or spend it.

Neither one change incentives to invest or take risk.

It is wise to let adults exercise their own judgment

Markets are places of trial and, very frequently, error. Their genius is not perfect efficiency, but the rewarding of success and the weeding out of failure. No better alternative has ever presented itself.

This is a difficult time to defend free markets. Nevertheless they must be defended, not only on their matchless record when it comes to raising living standards, but on the maxim that it is wise to let adults exercise their own judgment.

Market freedom is not a “fundamentalist religion”. It is a mechanism, not an ideology, and one that has proved its value again and again over the past 200 years.

Bailouts

Bailouts are the best source of inflation.

And inflation is the best poverty machine.

Recession

The crueler an economic recession is the sooner it will be over.

Let the markets solve the problem.

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.

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.

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.