1776Bob (November 30, 1999 at 12:00 am)

Why do people vote for bad government programs? THEY DON'T SEE THE COSTS. The Federal Reserve is the best way to hide costs, because no one ever complains about the inflation tax. Instead everyone blames the war in Iraq for the high gasoline prices and lawyers or speculators for the rising costs of medicine and housing. Abolish the Fed and reinstitute hard currency and you will have destroyed a powerful practical means for creating poverty that people do not often identify with the government.

cacapoopoo2327 (November 30, 1999 at 12:00 am)

Greenspan is a traitor to his old ideas. He no longer believes in freedom . He went to the dark side a long time ago in a land far away.

toolshed333 (November 30, 1999 at 12:00 am)

Wonderful, thought provoking man. R.I.P.

zsylvana (November 30, 1999 at 12:00 am)

1)Charmain behind the Swedish Economic Succes lies iin genreal following elements.Because of the so called RehnMeidner Model an economic model developed in 1951 by the trade union economists of the research department of the Swedish trade union umbrella federation LO, Gösta Rehn and Rudolf Meidner. They developed this overall economic model, which is based on the interaction of a strict fiscal discipline, a solidarity wage and to a forced active labor policy.

zsylvana (November 30, 1999 at 12:00 am)

2)Unprofitable enterprises from the market are to be pushed toward the solidarity wage policy, while profitable enterprises profited from the labour costs comparatively favorable for them, which set free employee by means of the active labor policy qualified for new jobs and which are controlled for inflation by a restrictive fiscal policy.

zsylvana (November 30, 1999 at 12:00 am)

2)Up to the end of the 1980s was Sweden internationally probably the most prominent example of a social-democratic way to full employment. )This goal could be kept upright also during the fast growth of the post-war period and the economic crises of the 1970s and 1980s. Central contents of the Swedish labor policy since the post-war period are the principle of full employment, and the claimant solidary wage policy with their theoretical correspondence in the Rehn Meidner model.

zsylvana (November 30, 1999 at 12:00 am)

chairman.I am glade you understand what the thing is all about.I mainly agree.And chris i don´t agree in all but i respect your wiews and knowledge and proper and polite argumentation.

chairmanRob (November 30, 1999 at 12:00 am)

The rise in the Scandinavian GNP and per capita income has little to do with the "socialist" policies of those particular countries. Instead it has more to do with the the political stability of said countries and the strong rule of law prevalent in them. By using the government as an agent of persuasion (not necessarily negative, mind you) for individual economic undertaking its no wonder their economic prosperity rose.

cris750 (November 30, 1999 at 12:00 am)

That is Adam Smith leaned more to the Free Market. BANKS,etc. rather than seeing People and Banks cooperating together.

cris750 (November 30, 1999 at 12:00 am)

Adam Smith also believed in the role of the state in the function of the market. However, I leaned more in the "Free" market to determine the economy of a state. While Karl Marx leaned more in the power of the state to determine the direction of the economy. Both missed the point that the people determine the direction of the state and the economy. The foundation, the people, determines the existence of both.