Cambio Que Podemos Creer

Doug Ross looks at history….

In the early 20th century, Argentina was one of the richest countries in the world. While Great Britain’s maritime power and its far-flung empire had propelled it to a dominant position among the world’s industrialized nations, only the United States challenged Argentina for the position of the world’s second-most powerful economy.

…and finds some really ugly precedents.

Yes, we can.

1 thought on “Cambio Que Podemos Creer

  1. In . . . Wealth of Nations Adam Smith explained that all of the people, rich and poor alike, did best in a growing economy. Static or shrinking economies were miserable places, regardless of how big the economies were in terms of absolute wealth. Smith’s explanation for this phenomena showed remarkable insight: since people were always trying to make the best marginal improvement in their condition, a growing economy provided the most gain in value for the least invested. In economies that are not growing, people work ever harder to realize diminishing gains.
    Obama and his crew think that the opposite of laissez-faire growth is “fairness”. It isn’t . It’s poverty.

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