Monday, April 18, 2011

Zenawi’s Voodoo Economics: The Road to Nowhere « Ethiopia: A voice for the voiceless

Zenawi’s Voodoo Economics: The Road to Nowhere « Ethiopia: A voice for the voiceless: "“Arrogance and rudeness are training wheels on the bicycle of life — for weak people who cannot keep their balance without them.” Laura Teresa Marquez
Whatever else can be said about Ethiopia’s Prime Minister Meles Zenawi, he certainly does not lack chutzpah (nerve). His latest pronouncement to curve the growing inflation in Ethiopia, must rank alongside Arthur Laffer’s famously misleading advice to the US former president Ronald Reagan that cutting income tax for the rich would actually increase tax revenue, a statement (rightly) dismissed by the then US Vice-President, George H W Bush, as Voodoo Economics."

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