India's Economy Slows Pace of Growth

http://online.wsj.com/article/SB124360663561866505.html

J.B. Say - A Treatise on Political Economy, Book I, Chapter XV, Paragraphs 19-20

From this fruitful principle, we may draw this further conclusion, that it is no injury to the internal or national industry and production to buy and import commodities from abroad; for nothing can be bought from strangers, except with native products, which find a vent in this external traffic. Should it be objected; that this foreign produce may have been bought with specie, I answer, specie is not always a native product, but must have been bought itself with the products of native industry; so that, whether the foreign articles be paid for in specie or in home products, the vent for national industry is the same in both cases.

The same principle leads to the conclusion, that the encouragement of mere consumption is no benefit to commerce; for the difficulty lies in supplying the means, not in stimulating the desire of consumption; and we have seen that production alone, furnishes those means. Thus, it is the aim of good government to stimulate production, of bad government to encourage consumption.

Buffett, Rogers Warn: Inflation Ahead

http://moneynews.newsmax.com/streettalk/buffett_rogers_inflation/2009/03/13/191719.html