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After the end of the year election and the set up of the second National Economic Development Advisory Conference, I shall start to improve the economy. (November 1, 2005)

 

Chen Shui-bian

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After KMT elects its leader, we can together start to improve the economy of Taiwan. (June 27, 2005)

 

Chen Shui-bian

 

I will improve the economy in Taiwan with full force! (DPP Campaign speech, November 5, 2001)

 

Chen Shui-bian

 

Inflation is bad for growth—this has become one of the most widely accepted economic nostrums of our age. But see how you feel about it after digesting the following piece of information.
During the 1960s and the 1970s, Brazil’s average inflation rate was 42% a year. Despite this, Brazil was one of the fastest growing economies in the world for those two decades—its per capita income grew at 4.5% a year during this period. In contrast, between 1996 and 2005, during which time Brazil embraced the neo-liberal orthodoxy, especially in relation to macroeconomic policy, its inflation rate averaged a much lower 7.1% a year. But during this period, per capita income in Brazil grew at only 1.3% a year.
If you are not entirely persuaded by the Brazilian case—understandable, given that hyperinflation went side by side with low growth in the 1980s and the early 1990s—how about this? During its ‘miracle’ years, when its economy was growing at 7% a year in per capita terms, Korea had inflation rates close to 20%-17.4% in the 1960s and 19.8% in the 1970s. These were rates higher than those found in several Latin American countries ... Are you still convinced that inflation is incompatible with economic success?

 

Ha-Joon Chang

 

The importance of international trade for economic development cannot be overemphasized. But free trade is not the best path to economic development. Trade helps economic development only when the country employs a mixture of protection and open trade, constantly adjusting it according to its changing needs and capabilities. Trade is simply too important for economic development to be left to free trade economists.

 

Ha-Joon Chang

 

As far as party primaries are concerned, both Republican and Democratic Party primaries are dominated by the most zealous voters, whose views may not reflect the views of most members of their own respective parties, much less the views of those who are going to vote in the November general election.
In recent times, each election year has seen each party's nominee selected - or at least subject to veto - by its most extreme wing and then forced to try to move back to the center before the general election.
This can only undermine the public's confidence in the integrity of the candidates of both parties.

 

Thomas Sowell