Thursday, March 14, 2013

A primer on how to ruin an economy...........

Victor Davis Hanson is feeling a bit cranky - here.  Opening salvo here:

It is not easy to ruin the American economy; doing nothing 
usually means it repairs itself and soon is healthier than before a recession.

But don’t despair: there are plenty of ways to slow down even an inherently strong economy. History offers plenty of examples. But as more contemporary models, take your pick of successfully ruined economies — the Venezuelan, the Cuban, the North Korean, the Greek, the Italian, the Portuguese, or pretty much any from Mediterranean Africa to the Cape of Good Hope. There are certain commonalities about why and how they fail. Let’s review some of them.

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