The Tribune

EDITOR, The Tribune.

Re: Gov’t Spending Cut Will ‘Choke Economy To Death’.

Tribune Business, June 2, 2014.

“Econometrics is a childish play with figures that does not contribute anything to the elucidation of the problems of economic reality”.

– Ludwig von Mises (Austrian School economist)

Mr James Smith is probably correct in saying “I don’t think most of them understand econometrics”. However, he might be very surprised to learn how many supposedly uninformed Bahamians now understand the harmful effects of any government’s wasteful overspending.

KEN W KNOWLES, MD

Nassau,

June 2, 2014.