Monday, December 8, 2008
Tuesday, December 2, 2008
Government is taking my money
Government is taking my money in order to spend it "better" than I can.
The best excuse ever invented to expand government.
It is both frightening and discouraging to hear politicians offering more Keynes at a time when what is most needed is a way of restoring the appetite of the private sector for risk.
The Keynesian theory, calling for government spending as a way to boost aggregate demand during economic downturns, is the best excuse ever invented to expand government.
The Keynesian theory, calling for government spending as a way to boost aggregate demand during economic downturns, is the best excuse ever invented to expand government.
Monday, December 1, 2008
Row capitalism will always be alive
I believe in markets.
I also believe that there is not a role for government.
Row capitalism will always be alive no matter who will always be trying to kill it.
I also believe that there is not a role for government.
Row capitalism will always be alive no matter who will always be trying to kill it.
Saturday, November 29, 2008
Government-sponsored institutions kill competition
History shows that a nation can not have competition without trust and confidence.
Government-sponsored institutions kill competition because they deliver no trust no confidence.
Government-sponsored institutions kill competition because they deliver no trust no confidence.
Wednesday, November 26, 2008
Government is a wasteful institution
Government is a wasteful institution.
Government is unable to understand the meaning of innovation, efficiency and flexibility.
Government is unable to understand the meaning of innovation, efficiency and flexibility.
Tuesday, November 25, 2008
Adding debt to debt.
Once short-term interest rates get to near zero, a key focus in such an environment will be to bring down long-term interest rates, which help determine the rates of mortgages and other debt instruments.
This would likely involve in practice the Fed buying longer-term Treasury bonds.
Such actions will not solve the problem but will merely compound it, by adding debt to debt.
This would likely involve in practice the Fed buying longer-term Treasury bonds.
Such actions will not solve the problem but will merely compound it, by adding debt to debt.
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