Wednesday, December 17, 2008

Central banks

Central banks can create infinite quantities of money, at no cost.
So they can reduce its value to nothing without difficulty.

As Robert Mugabe has shown, anybody can run a printing press successfully.

Saturday, December 13, 2008

Financial markets are perfect

Financial markets are perfect.

In particular when they are susceptible to boom-and-bust cycles.

Cycles of this sort have been, are and will be perennial with markets.

For addressing the results of these cycles all you need is free enterprise and free market.

Thursday, December 11, 2008

To solve economic problems

To solve economic problems you have only two tools: personal responsability and market forces.

Government involvement in economic management is always the origin of an economic crisis.

Wednesday, December 10, 2008

More government action

More government action is more recession duration.

Tuesday, December 9, 2008

Let the market solve the problem.

The crisis is due to bad lending and investment decisions.

Commercial failures were compounded by a reliance on excessive leverage, or borrowed money.

That leverage was made even worse by the banks' use of off-balance-sheet vehicles.

Let the market solve the problem.

Monday, December 8, 2008

The only way of wealth creation

Individualism working for good is the only way of wealth creation.

Tuesday, December 2, 2008

Government is taking my money

Government is taking my money in order to spend it "better" than I can.