Tax voracity and Financial Crisis III

I thought I had already finished this, but last night, I saw an interview of the Novel Prize in Economics 2001, Joseph E. Stiglitz. And watch as the account drops of the real causes of the economic crisis continues. In the opinion of J.E.Sz. We can add as a key factor in the cause of the crisis, U.S. not saving its national income. The way it administration board of the Iraq war, where the contractors were assigned projects without competing, this situation resulted in an increase in costs for USA. Long maintained low interest rates. And emphasized that replacing the technology bubble in the housing bubble. Praise the English prime minister Gordon Brown, on the conceptual-effective way of lifting the situation. And finally said that the market fundamentalism as well as socialist fundamentalism does not work. Besides that, as Asian countries saved 50% of what their income from exports. They are the true dominant financial power. Was admiration from my point of view, is not criticizing the Iraq war pursued, which is questioning the way it is administered. And the circumstances in which it was. To conclude what J.E.Sz. not most, is that besides the U.S., no savings, were created rules to control excessive money and people brought him as a consequence, that scare potential investors. I dismissal with the following principle of planning: ! When the cost of achieving a goal is higher than the benefits, we are in the presence of failure
Spanish » English Translate