Culture Changes With Economic Development.

There Is A Big Logical Jump Between Acknowledging The Destructive Nature Of Hyperinflation And Arguing That The Lower The Rate Of Inflation, The Better.

In Manufacturing, Where Mechanization And The Use Of Chemical Processes Are Much Easier, It Is Easier To Raise Productivity Than In Services. In Contrast, By Their Very Nature, Many Service Activities Are Inherently Impervious To Productivity Increase Without Diluting The Quality Of The Product.

Low Inflation And Government Prudence May Be Harmful For Economic Development.

History Is On The Side Of The Regulators.

Corruption Exists Because There Is Too Much, Not Too Little, Market.