Tuesday, October 23, 2012

Estonia's Economic Success

Why Estonia Is Beating the Eurozone

(conclusion)
The Estonian case shows that a policy that removes bubble activities lays the foundation for healthy economic growth.
Any attempt to alter tighter fiscal and monetary policies brings back false, nonproductive activities and leads to an economic impoverishment.
It is not possible to generate something out of nothing.
Any attempt to do so results in an economic disaster.
Who'd have thought that a responsible economic policy could produce good results?

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