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Äripäev CFO: let’s triple all prices

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And erode all savings. Really, it is mindless economic dribble like this that makes me sad. Any first year university student who has taken a course in basic economics can point out the error of his ways. But he publishes an article and all of a sudden he is an economic ekspert. Sigh.... Reply to the comment answer
~Sigh [19.06.2012, 14:00]
What did you expect? A genius? This is Estonia after all.
~Herbert Ponpudas [19.06.2012, 16:08]
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who is this f..ckg idiot??

"Inflation is our friend!!"
FFS for crying out loud!!

INFLATION ALWAYS MAKES POOR PEOPLE POORER! Reply to the comment answer
~inflation is great [19.06.2012, 14:26]
See Simbabve.
~scheileke [21.06.2012, 08:36]
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From wikipedia:
"Truuverk on lõpetanud Tallinna Tehnikaülikooli ja Estonian Business Schooli."
WTF? Not the best poster for higher education in Estonia, I am afraid. Reply to the comment answer
~Ülikool [19.06.2012, 15:34]
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This way of thinking is the reason Estonia cant develop. Estonia need a new school system and teach basic knowledge Reply to the comment answer
~competence [20.06.2012, 10:47]
Well, considering that Estonia ranks pretty well on the OSCE PISA ratings, I think not.
~@ [20.06.2012, 11:06]
I can see on the ideas in this article, that Estonian are well educated and understand everything ;)
~competence [20.06.2012, 14:35]
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"What if all Estonians agree one day to raise all prices three times, including the price of labour?"

Where's the point on this?

To make Estonia completely noncompetitive in the international marekts?

I seldom read such a bonkers.

If this is the way how decision makers think in this country, it makes me really sad, because in that case there is no hope left for this country at all. Reply to the comment answer
~knut albers [20.06.2012, 11:30]
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The nominal price of everything would cost x3, the relative price yould not change, Estonia would export nothing, all savings would erode, the expectation of inflation would feed further inflation, unemployment would skyrocket, and other the rest of Europe would inflate or Estonia would crash so hard the pendulum would swing back to recession.

I am embarrassed to see a CFO so damn ignorant. Reply to the comment answer
~agree [20.06.2012, 13:34]
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These are not articles to be published.
Put some ads. Better to read an ads than such a crap.

CFO....oh yeah.... Reply to the comment answer
~James Caan [20.06.2012, 16:45]
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I guess you all got it wrong! Truuverk is only applying for a second carrer in stand-up comedy where he will build a duo with his congenial partner Jürgen - we-simply- can't-avoid-a-little-bit-of-inflation- Ligi. Reply to the comment answer
~NoNoNo [20.06.2012, 16:47]
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"Inflation is our friend!" - unnamed economic expert, Germany 1923

"Inflation is our friend!" - unnamed economic expert, Zimbabwe 2005

"Inflation is our friend!" Aripaev CFO 2012 Reply to the comment answer
~quote [20.06.2012, 18:32]
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You numb nuts are unbelievable.

This article is not by any means a serious economical suggestion but a slight mocking of folks who constantly go on about wages being bigger in Scandinavia. Reply to the comment answer
~Tom [20.06.2012, 19:24]
Is it?
~agree [20.06.2012, 23:37]
Tom is 100% right and I am surprised others haven't caught on. I guess in their usual rush to slam Estonia, they didn't read the article very carefully.
~Economy [21.06.2012, 16:13]
" I guess in their usual rush to slam Estonia, they didn't read the article very carefully."

Really EPG? It's a good theory, and possibly the subtle "irony" got lost in translation. But strangely, over on the Estonian language site, they seem to have taken this just as much at face value. Are they also out to "slam Estonia"?
~fantasy economy [21.06.2012, 16:54]
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Triple all prices? That is a very good idea. And during You triple all prices of Your products we Germans keep our product prices still low, the Estonians will buy them more, we get the money and help to fit up the German economy.
How clever You are every time. Astonishing. Reply to the comment answer
~scheileke [21.06.2012, 01:46]
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People forget that economic yardsticks are just one measurement of standard of living. There are other things which can't have a pricetag. The author sets a goal of 2030, to have the same living standard of Finland. In some ways, you could set the year of 2300 and it still wouldn't happen. In others, we're already there. There are some factors here which make the standard of living preferable to my home country (UK) and that's why I'm here not there regardless of all the other crap. Reply to the comment answer
~not just econ factors [21.06.2012, 12:40]
Wow you are right, we totally forgot about it. My god how could that have slipped our minds?

Jeez, you predicate a mindless argument on a nonsensene statement.
~noshte [21.06.2012, 12:57]
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