07 April 2013

Democracy gone wild: Where excellence is punished

Questions from colleague at the Brookings Institution, where he [former Reserve Bank board member Warwick McGibbon] is a senior fellow, were “very worrying”. One of these was “why is a country that had withstood the worst of the global financial crisis suddenly switching direction and following the Latin American model?”
 
H/t: Glover Cottages blog

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