Posts Tagged World Bank
The New 25 Percent Rule
President Harry Truman once said he wanted a “one-handed” economist. These words should be heeded in emerging markets where second rate economists from third world countries run amok at the behest of the World Bank, IMF and other proponents of Keynesian nonsense. Moments of enlightenment, however, sometimes do occur in the dismal science, and the [...]
Funding for Emerging Markets
A big difference between the current economic crisis and other post World War II downturns is that there are no safe shores now. In 1998, when the Asian financial crisis knocked emerging market economies there was still a great deal of liquidity in the World as well as plenty of markets for exports. This is [...]