Google

The New Economics

Saturday, March 12, 2005

The Individual

Rather than the state acting for the good of the state as a whole as in communism/socialism I believe that the world is now ready to start with the individual.

Quality of life for each individual should be considered when a state formulates policy.
Example of today's approach where the marco approach has a complete disregard for the individual is where interest rates are raised to curb the money supply and expenditure. This action may well stabilise a state economy and curb inflation and the currency strenght so is not without merit. But the people who often pay for this are the poorish in the state. Now the mortgage on a newly acquired home becomnes unmanageable. Jobs scarer as shop sales are less.

In the past a religious belief in controlling interest rates to control the economy has recked the quality of life of countless people and there on the basis of the new econmy can no longer be used in such a discriminate way.

0 Comments:

Post a Comment

<< Home