jrbikes
624 posts
msg #54560
- Ignore jrbikes
modified |
9/4/2007 7:56:01 PM
LOL,LOL,LOL,LOL, Ima gene pool reject! (get it)?
we will all be complaining when the dollar is worth -0 and your corn on the cob is $150.00 an ear!
you wont buy it anyway, cause you aint got no teeth! LOL,LOL!
(Wish I was Retired)
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TheRumpledOne
6,411 posts
msg #88476
- Ignore TheRumpledOne |
2/20/2010 11:45:43 PM
Financial experts are a dime-a-dozen. Practically anyone writing about business has a guaranteed formula for success in the market. Somehow, these self-proclaimed authorities cannot restrain themselves from revealing their secrets to all and sundry. Harry Browne is different. He makes no claims to have the master key that will unlock the door to riches. In fact, he thinks that no one can predict the future of particular investments.
He bases his advice on application of basic economics, not on hunches or arcane mathematics. Browne strongly supports the free market and believes that government interference with the market is bound to fail. He argues, for example, that an “unfavorable” balance of trade is a myth: Americans should welcome foreign goods, since consumers will benefit from their low prices. Taxes drag the economy down and should be lowered, not raised.
Browne emphasizes three weak points in the United States economy likely to produce a crisis. Deficit spending drives out efficient production and replaces it with boondoggles. The Federal Reserve Board acts erratically, sometimes increasing the money supply at an inflationary rate, other times cutting back too sharply. The banking system is very weak, and many savings and loan institutions will probably go under in the next few years.
The Economic Time Bomb First Published: 1989
Author: Harry Browne
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Who listened?
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