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vendredi, novembre 21, 2008

NAVA: POLICY MAKERS: DON'T MESS WITH THE MARKETS!

DEAR READER:

I'M SENSING A LOT OF CONFUSION AND SEEING  MANY DESPERATE AND PANICKY ACTIONS 
AMONG THE WORLD'S MOST PROMINENT ECONOMIC POLICY MAKERS. I TELL THEM THIS: STICK AND TRUST TO WHAT YOU HAVE LEARNT IN COLLEGE: RESPECT THE MARKETS WHILE YOU TRY TO SOFTEN THIS CRISIS' EFFECTS ON PEOPLE (DEFEND YOUR CONVICTIONS VS YOUR BOSSES, THESE BEING MINISTERS, PRESIDENTS OR PMs., CONGRESS OR PARLIAMENT, MEDIA, ETC.OTHERWISE RESIGN) RECOGNIZING THAT THESE ARE TESTING TIMES, THE COUNTRIES THAT ARE GOING TO END UP BETTER POSITIONED FROM IT  ARE THE ONES THAT REJECTED THE SEEMINGLY EASIER BUT ABSURDLY COSTLIER SHORT-TERM POPULIST SOLUTIONS AND EMBRACED STOICALLY THE MOST SENSIBLE ONES. THUS, IF YOU ARE SINCERELY COMMITTED TO SEE THE WORLD OUT OF THIS TROUBLE BUT DOUBTFUL THAT SOME PAINFUL THOUGH RATIONAL COURSE OF ACTION IS THE BEST DECISION TO MAKE, THEN TRUST YOUR INSTINCTS (INTELLECTUAL INTUITION) FOUNDED ON THE ADVANCEMENT OF HUMAN KNOWLEDGE WHICH HAS BEEN THOROUGHLY EMBEDDED EVEN IN YOUR HUMBLEST AND MOST BASIC MODERN ECONOMICS TEXT BOOKS DURING THE PAST DECADES AND..... MAKE THAT DECISION. YOU ARE RIGHT NOW RESPONSIBLE FOR THE WELL-BEING OF SO MANY HUMAN LIVES. PLAY IT SMART! MARX, KEYNES ARE DEAD AND A WHOLE NEW AND BETTER WORLD IS WAITING FOR US!---- DON'T MESS WITH THE MARKETS!....   J. CNN

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