Milton Friedman, 1982
Sithanen wanted to give 'a little shock to the system' by hiring Ali Mansoor as FS who hails from the shock-exploiting Bretton Wood Institutions. He then disoriented the people of Mauritius -- that includes our gullible PM -- with the fallacious Triple External Shock argument.
But his bluff was called more than two years ago and his plan of using shocks as a tool to thrust toxic bean-counting policies down our throats has backfired so that he is now living on borrowed political time. Having said this and given that it's Tuesday evening, let's go to the movies.
Kuma u finn truv sa ti sok ki Sithanen finn donn nu system la? Bon se vre ki linn donn nu plis ki enn ti sok.
ReplyDeleteShock and awe, and one of its corollaries: massive unemployment by design. In short, keep supply of unemployed high to maintain wages low and maximise revenue - wow!
ReplyDeleteThere are a lot of benefits in keeping the rate of inflation low. Here the toxic bean-counter delivered double-digit inflation and low growth rates. Check the inflation and growth record of Singapore.
ReplyDeleteThat 1945 Curtin government report sounds like what the LP here did between 1968 and 1982. Should have a look at it.