Vaclav Klaus

Found 8 thoughts of Vaclav Klaus

I was paid to read Western economic texts. In a way, the regime paid for their own undermining.

The events in the square, of course, made a deep impression on me and many other parents.

That means following a very restrictive fiscal and monetary policy which will squeeze the monopolies and cut their subsidies. On the micro level we will allow other economic agents, both domestic and foreign, to compete with them.

You cannot predict the outcome of the market process; you can only set the conditions for a challenging competition.

We served on the editorial board of a literary monthly called Face in 1968 and 1969. He was a young writer, and I was also interested in broad cultural issues. We agreed on all major issues and became friends.

The sequence of reforms is a legitimate question for debate, but not, I think, the speed and direction they take.

We will also allow state companies to sell shares to their workers and will pass a law allowing citizens to start companies of their own with no limits on the number of employees or on the firm's output.

It is what makes the reform process an art, not just a science. You have to develop a strategy that tells you what reform measures you should follow and in what sequence.