Wed, Jun 12, 2013 - Page 8 News List

[ LETTERS ]

Taiwan’s time running out

Taiwan is sick, and getting sicker by the day. She was infected by a virus five years ago and since then, all of her vital organs have been compromised. Taiwan is now on life support, but fading quickly.

Not only do the doctors in charge of her care seem not bothered about the imminent death of their ailing patient, but they seem to be helping the deadly virus spread. A slight majority of people trusted these doctors and unfortunately, in January last year, they elected to allow the virus to spread for another four years. Now, the vast majority of those people realize that this was a grave mistake.

On May 20, an opportunity arose that could breathe new life into Taiwan’s infected lungs. A cure became available that could potentially kill the virus and there was a chance to rid the host of the parasite weakening it. Finally, there was a reason to hope for a recovery.

To the dismay of those who love Taiwan and want to save her, the opposition doctors felt the timing was not right to test the new cure.

“But Taiwan is dying,” the people said. “How could the timing not be right?”

Time is quickly slipping away and Taiwan cannot hold on much longer. If your child is dying of lung cancer and a donor lung becomes available, do you pass up the opportunity to save your child’s life?

Now is the time to rid Taiwan of the virus, before it is too late. Once the parasite has completely infected the host, it will give way to a stronger, more virulent virus waiting in the wings. This would no doubt mark the death of the “Beautiful Island” as we know it.

We miss the healthy, beautiful Taiwan and cannot imagine what she will be reduced to if infected further by the more deadly virus waiting to devour her.

Hurry, please cure our beloved Taiwan.

Brent Calkins

Taipei

Keynes’ ghost kills us all

When it comes to the economy, there are two schools of thought. Each have their own predictions about the world’s near and long-term economic performance through which their accuracy can be judged down the line.

John Maynard Keynes is the cheerleader behind Nobel Prize-winning economist Paul Krugman, US Federal Reserve Chairman Ben Bernanke and both US houses’ business models. However, the predictions made by proponents of this school, such as the US’ Congressional Budget Office, consistently fail, just like those made by the IMF and others who are constantly downgrading GDP predictions.

Those in the other camp are followers of economists Ludwig von Mises and Murray Rothbard, and economic journalist Henry Hazlitt. These Austrian School masterminds have correctly predicted every economic disaster in history, especially since the establishment of the deceptively named Federal Reserve.

Keynesians seem to think that endless expansion of credit and debt will bring economic growth, while conveniently forgetting that we live on a finite planet.

The Austrian School believes that the finite nature of our unique Earth requires that we tie all human consumption to the value of precious metals, including gold, silver and possibly copper — for variety, small change, and to arbitrage fluctuations (wink wink).

Austrian School students read books like William Strauss’ The Fourth Turning: An American Prophecy — What the Cycles of History Tell Us About America’s Next Rendezvous with Destiny and Niall Ferguson’s The Ascent of Money. They have a graph showing how the “global reserve currency” changes issuers from time to time and they are relentlessly accurate in their predictions, thanks to forecasters like Tyler Durden.

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