"Si hay un grupo grande de compañías que al confesar como lo ha hecho Odebrecht, entran en sistemas de honestidad empresarial ... entonces esas compañías empiezan a ver y a vigilar de que se cumplan estándares de integridad..."
Gustavo Gorriti Ellenbogen
31MAY2019
"Nothing is so permanent as a temporary government program." - Milton Friedman
Income tax was a temporary wartime measure in 1913. The IRS turns 112 this year and shows no sign of packing up. Friedman wasn't joking.
🚨🇪🇺 | COLONIZADOS: Se viraliza un mapa que refleja la impresionante invasión migratoria ilegal que destruyó a Europa en menos de dos décadas, una cifra que ya supera los 12 millones de inmigrantes del tercer mundo por culpa de los líderes globalistas que impulsaron las fronteras abiertas para reemplazar a su población y así perpetuarse en el poder.
Money printing has never created a single unit of wealth, and the persistence of poverty across the globe is the proof.
Wealth is goods and services: bread on the shelf, steel in the warehouse, code that runs, machines that produce. When the Federal Reserve expanded its balance sheet from $900 billion in 2008 to $8.9 trillion by 2022, it produced none of those things. It produced digits. Those digits do not feed a man in Caracas or build a factory in Lagos. They bid up the price of assets already owned by the people closest to the spigot, which is why the wealthiest decile in America saw its net worth balloon while wage earners watched rent and groceries outrun their paychecks.
You must understand the mechanism. New money enters the economy at specific points: the Treasury, the primary dealers, the banks. The man who receives it first spends it at old prices. The man who receives it last, the pensioner, the wage laborer, the saver in a poor country holding a collapsing currency, spends it at new prices. This is the Cantillon effect, named for Richard Cantillon, who described it around 1730. Inflation is a transfer from the late receivers to the early receivers. It moves wealth. It does not make it.
Look at the countries drowning in poverty and you will find central banks running the printing press hardest. Zimbabwe printed a 100-trillion-dollar note in 2008. Argentina has debased the peso so relentlessly that inflation crossed 200 percent in 2023, and its people store value in physical dollars stuffed into mattresses. Venezuela destroyed the bolivar so completely that vendors weighed banknotes rather than count them.
Easy money did not lift these populations. It looted their savings, shortened their time horizons, and taught entire generations to consume today because tomorrow's currency buys nothing.
Hard money does the opposite. When the unit of account holds its value, a man can save, defer consumption, and fund the capital accumulation that actually raises living standards. Debasement punishes the saver and rewards the debtor and the speculator. A society that cannot save cannot build. If printing money created wealth, Zimbabwe would be the richest nation on earth.
Marx built his entire economic system on the labor theory of value, and the labor theory of value is wrong. He claimed that the value of a good equals the socially necessary labor time embedded in it. This collapses the moment you ask why a bottle of water sells for ten dollars in the Mojave and fifty cents in Vienna. The labor is identical. The price is not.
Carl Menger settled this in 1871 with his "Principles of Economics." Value is subjective. It arises from the ranking each acting person assigns to units of a good at the margin, not from hours sweated in production. A diamond commands a high price because the marginal unit satisfies an urgent want, while water, abundant, satisfies a trivial one. Marx never answered Menger because he could not. The "Capital" volumes he left unfinished circle the transformation problem endlessly: he could not reconcile labor values with the actual prices markets generate, and Eugen von Böhm-Bawerk demolished the attempt in 1896 in "Karl Marx and the Close of His System."
Then there is the matter of capital itself. The capitalist advances present money against an uncertain future return, absorbing the risk the worker avoids by demanding payment now instead of after the product sells eighteen months later. That premium on present goods over future goods is interest, and it reflects time preference, not theft. Böhm-Bawerk named this in 1884. Marx had no theory of interest because he had no theory of time.
You see the same blindness in his monetary thinking. Marx assumed value was an objective substance you could measure and centrally administer, which is precisely the fantasy that justifies a central authority printing the money supply. Hard money like gold or Bitcoin imposes discipline because no planner sets its quantity by decree. Easy money is the Marxist instinct dressed in a suit: someone in a committee decides what your labor is worth and dilutes it at will.
Every socialist calculation since 1917 has crashed into the wall Ludwig von Mises identified in 1920. Without market prices, you cannot allocate capital, because you cannot calculate. Marx never priced anything. He counted hours and called it science.
Hoy en El mercurio argumento que Chile y Argentina deberían aprovechar de hacer una política activa y profunda para atraer talento europeo que busca irse del viejo continente por su decadencia, económica, social y cultural.
Me corrijo, no estoy de acuerdo con el punto 6. El problema es el mal gasto del dinero. Bajar el gasto corriente es prioridad sobre recaudación. Hay plata.
Cuáles son las tareas más urgentes que tiene que enfrentar el gobierno desde el 28 de julio?
1. El fenómeno El Niño 2. El caso Petroperu.3. Reinfo y la ley MAPE. 4. Llevar al TC alguna ley para que el TC recule sobre su opinión en contra del artículo 79 de la Constitución
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¿Sabías que el Estado peruano tiene 19 ministerios, muchos duplicando funciones, mientras la corrupción nos cuesta S/ 24 mil millones al año?
Lanzo una propuesta para el nuevo gobierno:
• Reducir de 19 a 13 Ministerios.
• 500+ trámites eliminados (menos burocracia y menos corrupción).
• ~S/ 4 mil millones menos en burocracia
• ~S/ 6 mil millones de ahorro con IA en el Estado
No más aparato estatal gigante e ineficiente. Menos burocracia. Más resultados. Más tecnología. Menos posibilidad de corrupción.
El Perú no necesita más Estado. Necesita un Estado inteligente. 🇵🇪
✒️|"El Estado tiene dos manos: una blanda para dar y una dura para quitar. Cuánto más blanda es la mano que da, más dura es la mano que quita".
- Frédéric Bastiat