Governments around the world are trying to figure out how to "save" their economies. They all vow to do something, and usually use the term "stimulus." So, they want to stimulate their economies. Unfortunately for them, that is impossible. Only entrepreneurs, who invest capital to start businesses and employ millions while providing the goods and services we want and need, can "stimulate" the economy. Since governments don't make bicycles, candles, pizza slices, pens, shirts, cars, and the billions of other items we desire, they cannot "stimulate" their economies. They can only get out of the way, and leave businesses alone.
The loons who created this mess (by allowing their central banks to inflate) are meeting to discuss the problem. The problem is, they are prescribing the same medicine - the wrong medicine. Get out of the way, stop taxing and regulating, eliminate your central bank, and stop printing fiat currency. Then, and only then, will economies flourish. They won't do this, of course, so we're in for a decades-long global recession. Mark my words.
Subscribe to:
Post Comments (Atom)
1 comment:
Mr. Scott the U.S.A government is just not just yet in the business of making bicycles, candles, pizza slices, pens, shirts, cars, and the billions of other items. But at the rate they are going they will be soon. Ohhhhh don't forget about BP they will be in the oil business soon all 8-10 dollars a gallon of gas. Ask the people that live in Europe. Mr. Scott invested in INK for all of the worth less money they will print out.
Post a Comment