Cut to Grow?

  • 2010-08-19
  • By Janis Berzins
Latvia’s intelligentsia and policy makers are host of a very specific and simplistic understanding of politics and economics. Simplifying, thus incurring in the dangers of making simplifications, this can be divided into three complementary presuppositions. First, that economic liberalism is equal to political democracy, as George Stigler and Milton Friedman from the University of Chicago believed. Maybe this explains why they collaborated with General Pinochet’s dictatorial regime. Second, that any kind of economic policy different from Latvia’s own version of radical ...
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