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User Clip: THE GREEDY HAND

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March 10, 2020

I saw what an economy that doesn't work looks like. I saw what happens when a currency is broken, and when you see a country where the mone… read more

I saw what an economy that doesn't work looks like. I saw what happens when a currency is broken, and when you see a country where the money is funny money, it's not real money, and where markets are so disrupted that people are entirely frustrated, you begin to appreciate what we have at home. And it tends to drive people towards the free-market end of things when they see all these broken economies. And they--then they have less patience for the principles preached by, say, our social democratic end here in America or by people who talk about the third way, 'cause in the Communist countries, they talk quite a lot about the third way. I remember when I was younger Yugoslavia was the big third-way country and we talked about how productive the worker teams were there during the Cold War. And we see now that the Yugoslavian economy was not so much more productive than the rest of the Communist economies and they were all junk. close

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User Clip: THE GREEDY HAND

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121918-1
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Booknotes
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Booknotes
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Washington, District of Columbia, United States
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