“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
Related posts:
A potentially powerful new antibiotic is discovered in dirt
SS agents camp outside woman's house after dispute with neighbor
Texas repeals regulations on hair braiding
Unhappy about new limits, gun makers urged to move to New Hampshire
Iowa implementing face recognition program to track sex offenders
Google: Motorola's tattoos could replace passwords
Cop Attacks Special Needs Student For Not Having Shirt Tucked In
Swiss police smash Chinese trafficking ring
The Saudi Town on the Frontline of Yemen's War
U.S. diplomat warns of global effort to curb Internet freedom
The Men Who Owned Bitcoin.com
Luxury home prices finally getting too high?
BPD officer sentenced in drug case
Former deputy found guilty in child sex crime
Two U.S. sailors admit to Okinawa rape charges