Archive for August 18th, 2010

August 18, 2010

Reinventing Our Economy

By Jackson Henry

“If its broken, fix it. If it cannot be fixed, reinvent it”, said a wise village elder. The seemingly endless annual budget shortfalls and the growing deficit are symptoms of a broken economy. Its fails to produce sufficient revenues to keep up with the rising cost of running the 16 states and improving services to our citizens. Based on my observation, Palau does not have the right tools to fix this economy. The solution is to reinvent it.

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