Friday, July 14, 2017

Bad Models Result In Terrible Outcomes

Bad Economic Models Result In Terrible Outcomes

Recently I spent a month in Buenos Aries.  I went there to study the people, the culture and the economy of a prosperous land, filled with kind, well educated people.

One key lesson was this; bad policies can ruin every advantage you might have had.

While not as bad off as it was in 2002 when people filled the streets banging pots and pans in protest of their economically ruined lives, the place is still clearly depressed as are most of its people. 

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from Peak Prosperity

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