Friday, February 27, 2015

Getting It Right In Botswana: Free Markets, Fiscal Rectitude, Record Growth

Getting It Right In Botswana: Free Markets, Fiscal Rectitude, Record Growth | David Stockman's Contra Corner: "Still, Botswana is setting an especially noteworthy example. Its success shows that free markets and strong property rights will work everywhere. Economic laws are of course always and everywhere valid. Once a free market system is adopted, capital accumulation and growing prosperity will invariably follow. Botswana proves that economic freedom is far better at achieving development goals and raising living standards than the billions in foreign aid that have been wasted on countless developing countries over the years to little avail.

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