Requirements to be a Deledef (real word for Politicians)?

Friedrich Dominicus — Wed, 08 Jun 2011 13:30:00 GMT

Really I'm wondering. Is it a requirement for being a Politician to fight markets as much as one possible can (and loose always in the long run?)

Can anyone tell me what were the results of the first failout plans for banks? Are they in a better shape? Have they repaid their debt?

What was the result of cash-for-clunker?

What have we gained with expanding government jobs beyond any reason?

Really I can not remember one decision the last few years which were not against markets and the irresistible forces. They try and try and pile up debt after debt and still it's getting worth every second.

Do we really have to destroy any wealth there is? To start "afresh"?

Reading suggestion

Friedrich Dominicus — Sat, 07 May 2011 07:45:00 GMT

Well if I'm have one special weakness, then it's reading. And because of this weakness I stumbled upon quite few books which one just can name "eye-opener"

It has happened with the following books: Human Action, the road to serfdom. Geldsozializmus, End the Fed, and stuff from Friedman. Now it has "happened" again. This time I strongly propose reading "This Time is different". In a few words. "The state of affairs is devastating". I never could imagine men so stupid over and over again but here we go.

I know this books will not be read by those responsible for the mess. For them another books is the guide line. "Expert Political Judgement" and here especially the hedgehoogs. And those are mostly getting it wrong but it does not matter, the main reason for them is "They are heard". And so you can easily identify them in the form of Bernanke, Krugman and all those. They "know" what the future will bring and they "no for sure" the cure. Unfortunately most of the time they do not get it right. And you have one suggestion free on whom they harm.....

F Dominicus Blog : judgement

Requirements to be a Deledef (real word for Politicians)?

Reading suggestion