Ateneo Professor on Entrepreneurship
From MoneyNews | Aug 8, 2013
A stable dollar and flat tax rate would be key to removal economic woes thus asserts Forbe editor and former presidential candidate. Dow Jones would not hit 25,000 until the fundamentals are fixed:
l. Stock prices (they are not really as high as they should be if adjusted for inflation)
2. Unemployment - full employment levels must be brought up
3. Bank lending should reflect the true cost of capital
4. Housing starts is at 800,000 whereas in a nomal economy this should be 1,500,000 a year.
5. Uniform tax rates (not a rate for the working class, and a different rate for millionaires.)
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