The Angry Economist sobre el salvataje de 700 mil palitos verdes:
Every time the central bank creates a boom, it MUST be followed by a bust. The boom creates incorrect investments, and the bust consists of revaluing those investments to their new, lower value. Companies go bankrupt and their assets are sold off. Homeowners cannot pay their mortgage and lose their house (which isn't such a bad deal for them since they had no money down, were renters before and will be renters again).
Government bail-outs interrupt this process by stopping the revaluing. Only when the assets have been revalued, and sold off, will the economy recover as those assets are applied to new productive purposes. Prices are information and communication; interfering with them by applying arbitrary value is just another form of government censorship. It destroys market planning and substitutes central government planning (and we all know how well THAT works).
Hoy Huckabee salió a criticar a Mac por "cambiante" al confirmar su asistencia al debate.
ReplyDeletehttp://politicalticker.blogs.cnn.com/2008/09/26/mccain-made-huge-mistake-huckabee-says/