Home » Economics » This Little Piggy Bent The Market | Things That Make You Go Hmmm… Investment Newsletter | Mauldin Economics

Olduvai
Click on image to purchase

Olduvai III: Catacylsm
Click on image to purchase

Post categories

Post Archives by Category

This Little Piggy Bent The Market | Things That Make You Go Hmmm… Investment Newsletter | Mauldin Economics

This Little Piggy Bent The Market | Things That Make You Go Hmmm… Investment Newsletter | Mauldin Economics.

About 18 months ago, I had a very pleasant chat with a gentleman by the name of Luzi Stamm.

But Herr Stamm was different.You may detect some measure of surprise in my words, and the reason for that is quite simple: Luzi Stamm is a politician; and, as regular readers will know, I am no fan of that particular class.

An MP representing the Swiss People’s Party, Stamm was spearheading a federal popular initiative which needed 100,000 signatures in order to comply with the Swiss parliamentary system’s rigid framework regarding referendums. (OK all you “referenda” people out there, I know, OK? But I’m going with “referendums,” so pipe down).

That initiative was one of three being pursued: firstly, a motion to limit immigration into Switzerland to 0.2% per year; secondly, a drive to abolish the flat tax system and for resident, nonworking foreigners to be taxed based instead on their income and their assets; and thirdly, Stamm’s initiative… Well, we’ll get to that shortly; but before we do, we need to understand a little about how Swiss democracy works.

…click on the above link to read the rest of the article…

Olduvai IV: Courage
Click on image to read excerpts

Olduvai II: Exodus
Click on image to purchase

Click on image to purchase @ FriesenPress