Sunday, September 23, 2012

Simple Economics by Steve Forbes

Here is a simple explanation of why stimulus doesn't work.  And a surprising prediction that soon we may re-link the dollar to gold, to provide more stability.  And a predictable viewpoint:  Government messing in markets is costing all of us dearly and inhibiting growth.

This is Steve Forbes at the Commonwealth Club on August 24, 2012.

Steve-forbes-simple-ways-get-us-economy-growing-again-82412

I like his use of esoteric technical terms like "kablooie."

Also note his take on Hoover signing the Smoot-Hawley Import Tax Act in 1930.  He says SM was a major cause of the Depression.
See Wikipedia:  Smoot-Hawley_Tariff_Act

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