FREE LUNCH INSANITY: A Model for Mismanagement - Barrons.com

A Model for Mismanagement - Barrons.com


As well said, there is the "free lunch", the "free lunch you know someone can afford to pay for" and the "free lunch that has consequences (untimely and ill-toward consequences)".

There aren't many people who would like to question or get away from the free lunch; and, many of us know and have read that the favored outcome is unabashed running of the monetary printing presses (again, not mentioned in the same breath as the free lunches we're talking about).

Taxes in Europe have clearly exceeded the Laffer-turning-point yet tax rates seem only to be going up and up. Obama and his allies seem to have a European preference too for more taxes rather than living within one's means.

It's a scary drama for those of us who would like a return to a feeling of growth and well-being.

Growth Champion Fallacies: Grexit: Germany Boots Greece from Euro… Tournament - Income Investing - Barrons.com

Grexit: Germany Boots Greece from Euro… Tournament - Income Investing - Barrons.com


It's the old story of socialism (and unions) vs. capitalism.

Here in Portugal, one hears "growth" denominated in more infrastructure projects favored by Hollande (FR), while taxes keep going up (or, since they are already so up, then not 'down'), and small businesses keep closing.

Longer term, more borrowing while bread and butter jobs disappear just doesn't seem like a growth strategy.

Eventually sustainable businesses that can provide long-term meaningful employment have to be created. Taxes need to come down so incentives for entrepreneurs can go up. This seems to be furthest from these European growth champions thoughts.