|Peter Boettke|
A college fraternity brother sent this link of the former Ukrainian first lady Katernya Yushchenko discussing her role in the attempt to build democracy, freedom, rule of law and free market economy. She argued that there is no alternative to a free market economy for generating prosperity. She also argues that a variety of forces in Ukraine conspired to resist the free market reforms that were needed. Her last paragraph quotes my Michael Phelps analogy that I used in my Independent Review article on whatever happened to efficient markets.
Way cool!
I think that Daniel McCloskey once offered the following definition:
Market Failure: The failure of the market to recover from a blow by intervention.
Posted by: Daniel Klein | June 27, 2010 at 05:05 PM
Pretty cool getting quoted by her.
Posted by: Troy Camplin | June 28, 2010 at 01:01 AM
What happened with this blog? Very few posts lately. It used to be a lot more animated.
Posted by: Niko | June 28, 2010 at 03:43 AM
Awesome. Congrats for that one, Pete.
Posted by: Roger Koppl | June 28, 2010 at 05:27 AM
Having once worked with Mrs. Yushchenko in the mid 1990s I can say her reading of your work does not surprise me. A very passionate advocate for free markets.
Posted by: Scsuscholars | June 28, 2010 at 02:18 PM