Sunday, October 12, 2008
The only way to deal with economic crisis
The only way to deal with economic crisis is to force players to bear the cost of their mistakes.
Saturday, October 11, 2008
Regulators
Regulators try to prevent risk in the market.
Thy start reducing risk then reducing benefits and then reducing the market.
Thy start reducing risk then reducing benefits and then reducing the market.
Central Banks
In a prosperous society Central Banks should be small and powerless institutions
owned by stockholders not by Government.
owned by stockholders not by Government.
Thursday, October 9, 2008
The ability of self-healing
The market system has the ability of self-healing and put your fate in your own hands.
A regulated market is a sick market without self-healing ability.
A regulated market is a sick market without self-healing ability.
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.
and redistributed it to other who either save or spend it.
Neither one change incentives to invest or take risk.
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