- 20 Jan 2008 02:58
#1429845
did you not read a word I said? Puerto Rico is in shambles. 1 in every ten people looking for a job can't find one, and two-thids aren't even looking for one. The economy is stagflating, which happens in every welfare state if the money supply isn't kept tight. We used to be the 5th Tiger, you know what happened? the welfare State, that's what happened. If Puerto Rico is made independent and welfare payments are cut off, you'll see GDP growth of 10% a year, and you'll se the employment rates double.
Yes.
I'll reply to everything else later, I can't type and talk at the same time.
That is not "capitalism," that is the scenario that Puerto Rico would be in if it were not for regulations.
did you not read a word I said? Puerto Rico is in shambles. 1 in every ten people looking for a job can't find one, and two-thids aren't even looking for one. The economy is stagflating, which happens in every welfare state if the money supply isn't kept tight. We used to be the 5th Tiger, you know what happened? the welfare State, that's what happened. If Puerto Rico is made independent and welfare payments are cut off, you'll see GDP growth of 10% a year, and you'll se the employment rates double.
Remember the Great Depression that you cited, did you think FDR a fool during that time period?
Yes.
I'll reply to everything else later, I can't type and talk at the same time.
"The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design." -F.A. Hayek