<blockquote>'..the current method of calculating GNP also strongly reflects Keynes’s influence, enormously exaggerating the importance of consumption in the economy and conveying the false impression that the most significant portion of the national product exists in the form of consumer goods and services..'
– Jesús Huerta de Soto,
Money, Bank Credit, and Economic Cycles, page 311</blockquote>
'..Lower nominal wages are not a problem if prices fall commensurately and no income losses occur in real terms. Of course the process isn't as smooth as one would like, but it is necessary to go though this if any progress is to be made..'<blockquote>'..Italy's overall government debt situation is far less dire than the data would suggest on the surface..
..
In Greece the latest developments include the observation that minimum wage laws no longer keep wages from sinking – this is bad news for wage earners in the short term, but it is ultimately good news for the economy in the long run. As we have noted previously, both prices and wages in Greece need to fall to allow the economy to regain its competitiveness. Lower nominal wages are not a problem if prices fall commensurately and no income losses occur in real terms. Of course the process isn't as smooth as one would like, but it is necessary to go though this if any progress is to be made..
..
..If wages rates are
not allowed to fall,
then the unemployed will definitely multiply..
..
Samaras' stance. There should be enough room to achieve budgetary goals by cutting expenditures. Burdening the citizenry with even more taxes can only make the economic situation worse and may lead to lower rather than higher revenues..'
- Acting Man (
Source, November 15th, 2011)</blockquote>
Context '..had horrible pain for three years..'<blockquote>
'The use of GNP .. exaggerating the importance of consumption in the economy..''..had horrible pain for three years but since then Scandinavia has boomed.'(Money production) - '..there are No "Miracle" Cures from Inflation.''..to promote saving and capital accumulation.'</blockquote>