spending Archive

  • Saudi Arabia said it plans to gradually cut subsidies and sell stakes in government entities as it seeks to counter a slump in oil revenue.

    Saudi Arabia Plans Subsidy Cuts as King Unveils 2016 Budget

    Saudi Arabia said it plans to gradually cut subsidies and sell stakes in government entities as it seeks to counter a slump in oil revenue.

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  • This is what a spending, consumption based economy looks like. Saving is not required because it halt 'growth' of the economy. If you think that all these will benefit majority of the people here (the 99%), think again. Look what happen to Wall Street 'financial district' and its relation to the current overall condition to the US.

    News – Putting KL on world finance map

    This is what a spending, consumption based economy looks like. Saving is not required because it halt 'growth' of the economy. If you think that all these will benefit majority of the people here (the 99%), think again. Look what happen to Wall Street 'financial district' and its relation to the current overall condition to the US.

    Continue Reading...

  • Not 'fine-tuning' but MAJOR overhaul is needed to our economy. We are still using the same Keynesian economics where consumption is good and saving is bad in such that saving deprive the economy the lubricant for more growth. This same Keynesian economics is responsible to what is happening to US and Europe now. The great Keynesian experiment is coming to its end. The problem is debt. We need to teach people to spend within their needs. Not borrowing to buy thing they not really need.

    News – Some fine-tuning needed to fix imbalances, says CIMB Investment

    Not 'fine-tuning' but MAJOR overhaul is needed to our economy. We are still using the same Keynesian economics where consumption is good and saving is bad in such that saving deprive the economy the lubricant for more growth. This same Keynesian economics is responsible to what is happening to US and Europe now. The great Keynesian experiment is coming to its end. The problem is debt. We need to teach people to spend within their needs. Not borrowing to buy thing they not really need.

    Continue Reading...

  • Borrowing and saving are really about whether to consume more now or later (or more later and less now) and we agree with Professor Antony Davies that these decisions are best left to individuals - and not the nanny-state/Fed. Each person's judgment of what is best for them is replaced by the Federal reserve's judgment and the free market interest has become a thing of the past (for now). Lower rates don't mean more spending; they mean more spending now and less in the future.

    Are Low Interest Rates Good?

    Borrowing and saving are really about whether to consume more now or later (or more later and less now) and we agree with Professor Antony Davies that these decisions are best left to individuals - and not the nanny-state/Fed. Each person's judgment of what is best for them is replaced by the Federal reserve's judgment and the free market interest has become a thing of the past (for now). Lower rates don't mean more spending; they mean more spending now and less in the future.

    Continue Reading...

  • Amazingly enough, governments exist to take money from the first two guys and give it to the third. Watching the three of them on the corner together, this was my first thought... the system penalizes people who are creative and work hard, and it rewards people who choose to do nothing at the expense of others.

    Socialism on display: three men, one street corner

    Amazingly enough, governments exist to take money from the first two guys and give it to the third. Watching the three of them on the corner together, this was my first thought... the system penalizes people who are creative and work hard, and it rewards people who choose to do nothing at the expense of others.

    Continue Reading...

  • In this video, Some Good News For A Change, Fred Thompson makes a poignant argument about America’s plan to spend our way out of this economic mess. Subtle, entertaining, and educational all in one. The video runs about 8 minutes long and is well worth watching, and sharing.

    Some Good News for a Change

    In this video, Some Good News For A Change, Fred Thompson makes a poignant argument about America’s plan to spend our way out of this economic mess. Subtle, entertaining, and educational all in one. The video runs about 8 minutes long and is well worth watching, and sharing.

    Continue Reading...