Sunday, January 30, 2011

Egypt III: With what will Mubarak maintain subsidies and lower prices?

President Mubarak tells his new prime minister, Ahmad Shafik
to keep government subsidies and cut prices.

Aljazeera Thread

If a nation prints more money,
like cutting a 16 inch pizza into 12 slices instead of 8,
is each slice worth less?
What if the pizza shrinks while the number of slices rise to 100?

There is an element in the readjustment of our financial system,
more important than currency,
more important than gold,
and that is the confidence of the people.

Franklin Delano Roosevelt
Replaced Herbert Hoover as US President in 1932
after government intervention failed to mitigate The Great Depression

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