"BAKED IN EFFICIENCY"

"All governments claim to revere productivity, but in the U.S. and Europe, they are going the wrong way about getting it. Subsidizing the useless (including the ineffable rat holes of the “green energy” sector) while taxing the productive, and keeping interest rates for years on end at levels that penalize the thrifty, cannot be expected to produce higher productivity and is not doing so. While current policies persist, those regions’ economic decline will continue."

http://prudentbear.com/index.php/thebearslairview?art_id=10677

by Martin Hutchinson