(...) But how could an economist with his presumed sophistication publicly endorse the disastrous policies of Hugo Chávez?
(...)
“In his focus on market failure,” says Easterly, who has known Stiglitz since their World Bank days, “Joe often misses the bigger problem—the need to roll back the disastrous distortions of markets by government—such as government-induced hyperinflation, negative real interest rates, severe price controls, and punitive taxes on exports.”
Copiado de Continually Mistaken, Chronically Admired.
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