The sacking of competent policymakers by politicians who should know better is financial sabotage
From Seoul to Chicago, a small army of analysts is scouring the globe for the location of the next financial crisis. These intrepid researchers might consider a far less scientific approach: monitoring which countries fire top economic policymakers. Coincidence or not, there's an uncanny correlation between the sacking of officials and economic problems. Consider Malaysia in 1998, when the nation's finance minister, Anwar Ibrahim, was imprisoned. Many observers felt his crime was embracing Western-style, pro-market polices disliked by Malaysia's prime minister. What followed was the imple...
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