Thursday, December 6, 2012

Guessing the Right Economic Path


For John, BLUFTo follow Keynes or not to follow Keynes.  President Obama says no and President Karzai says yes.  Nothing to see here; just move along.

All I got from the Overseas Security Advisory Council EMail this afternoon was the following lede, due to the full Wall Street Journal article being behind a paywall:

Afghanistan is planning major tax breaks and incentives for investors ahead of U.S.-led forces' withdrawal at the end of 2014, part of an effort to stem accelerating capital flight, the country's finance minister said.
Isn't "investors" code for people who have money?  It is obvious that the Government of President Hamid Karzai does not understand economics and is not following President Obama's playbook.  And after all that time and money we have spent preparing them for the US/NATO withdrawal.

Regards  —  Cliff

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