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May 06, 2008

Comments

C.Lowe

I agree Larry, but in the private sector, there should never be such a thing as business as usual.
We innovate, take risks, assess logistics, and sink or swim by our efforts.
Our problem, is control. Our governments have practiced an unspoken and at times, spoken policy of controlling the private sector and foreign investment, which leaves us weak in the face of challenges.
Most of the "deals" the government negotiates are ludicrous, laughable, and down right sad. The private sector, has the mind and the willpower to survive, and can do so even with the weight of the government on our backs.
If they would stand back and let us produce, let us help them to understand the environment in which we operate and can innovate, the same environment which they tax for their social programs, we could stand a little stronger.
I still say that Freeport holds a large part of the solution for the country. Its first purpose and oportunity was thwarted, by government, but it is poised with great potential to get a second chance. That rarely happens in the world.

Bill

Hi Larry,

I have never seen anything this bad. In addition to that, it will not get better anytime soon.

With that, while price control may be an issue to deal with. Most people attack it, like they do with everything else, with blanket rage and end up throwing the baby out with the bath water.

That being said, we all know that importers would gouge on bread basket items in this country. The market won't adjust to that quite readily. But, I would say let the market run its course on it- won't hurt as much. And, the folks who gouge, will lose out to other importers anyways.

The issue is price stability with the price control structure. Fluctuations in prices, is a critical concern, considering the type of country like ours, which depends on foreign reserves. I say that, because, once we have to keep up a certain stock of USD, if we can't gauge income and savings due to unforseen influx of tourists who also bring in USD, we would end up inflating prices on ourselves when we don't really have to- people who come in with money, to boost our demand figures, way out of true national demand figures. On top of this, importing goods to basically be transferred into USD (reserve system) and putting the Central Bank into unneccesary overdrive...price stablity. You can't have that and put such demands on money supply and the manpower that monitors it.

What does that have to do with the current market? Nothing. But, if I were to jump right back to the point, the US has been in a recession- with a Democrat coming to office, don't expect the stimuus package to do much after November.

Best,

Bill

C.Lowe

The "stimulus package" reminds me of a story of a Chinese feudal lord who worried that his successors and neighboring war lords would destroy his turf upon his death, fighting over his wealth.
His solution was to distribute his wealth equally amongst his subjects.
Bottom line is, each peasant got a few coins, as there were so many of them. It dissapated into nothing.
Just an interesting parallel.

Nanaqu2

Hello Larry you have a very good blog site here, can you try to make it a little bit more interesting and attractive, I mean the graphics. You have very interesting and note worthy insights, maybe a little more graphics. I am a student abroad and I would like to have alot of info about whats going on @ home.

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