-
Cochrane could argue that there must have been “real” factors at work, but unfortunately in both Argentina and America all the real factors were government policies he (rightly) loathes. Both countries grew rapidly in response to currency devaluation despite counterproductive statist policies. And those two examples are at least as relevant (or irrelevant) as Zimbabwe. Greece has both real and nominal problems, and thus is totally unlike Zimbabwe.
-
derekpeterson posted this
-
Derek wanders the Internet
I find Internet things that I like, so I post them here. Twitter: @derekpetey. Follow via RSS or visit my archive.
