“As an economic crisis manager, Leszek Balcerowicz has few peers. When communism fell in Europe, he pioneered ‘shock therapy’ to slay hyperinflation and build a free market. In the late 1990s, he jammed a debt ceiling into his country’s constitution, handcuffing future free spenders. When he was central-bank governor from 2001 to 2007, his hard-money policies avoided a credit boom and likely bust. Poland was the only country in the European Union to avoid recession in 2009 and has been the fastest-growing EU economy since.”
http://online.wsj.com/article/SB10001424127887323981504578179310418828782.html
(Visited 47 times, 1 visits today)
Related posts:
BPD officer sentenced in drug case
No trace of Sandy Hook Elementary School will be left
Audit finds NSA violated ‘thousands’ of its own privacy rules
Bank of England's Tucker Says He’s Open to QE as BOE Stresses Flexibility
Bank of Japan Cuts Inflation Forecast, Maintains Record Stimulus
77,000 Foreign Banks To Share Account Info With IRS
CIA Considered Bombing Miami and Killing Refugees to Blame Castro
UK Government and Isle of Man in deal to stop offshore tax evasion
Police Agencies Fold in St. Louis Area as Ticket Blitzes Stop
Why Buffalo wings will break your budget in 2013
Denver unemployment sharply lower after marijuana legalization
Indiana public schools try to woo students away from vouchers
$1,000 gold-covered cupcake? We're so over it
Cook Islands, a Paradise of Untouchable Assets
San Francisco public transportation system shut down by striking union workers