Left wing economics is the road to financial ruin - Comment - Israel News | Haaretz Daily Newspaper
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    • MARK KLEIN, M.D.
    • 07.08.11 | 06:36 (IDT)

    When I lived in Israel in the mid-1970s, Israel underwent a severe price inflation because the government's economic policies followed the protesters' demands. Israel's currency was in such a free fall there were booming currency black markets in Tel Aviv and Jerusalem. The soundest way to deal the protesters' demands is major land reform and breaking the cartels' hold on retail price levels. Doing that won't break the budget and is likely to increase government revenues.

    from the article: Israel's social protesters are not just naive sushi eaters
    First published 02:47 07.08.11 | Last updated 02:47 07.08.11
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