Suchergebnisse

Most attempts by left-wing regimes to reduce Latin America's appalling inequalities in income and opportunities have failed. This article summarizes a few conclusions that can be drawn from wellintentioned but largely counterproductive policies carried out in the name of equality. Among these lessons can be mentioned: (1) the more,progressive' a government is, the more important it becomes to maintain conservative macroeconomic policies; (2) although inflation hurts the poor, attempts to suppress inflation with the help of subsidies, price controls and massive increases in state expenditure tend to hurt the poorest of the poor; and (3) honest, radical governments attacking 'speculation' with the wrong means easily end up creating an economic environment where honesty is punished, while 'speculation' and corruption are rewarded.

von H. M. Richter. ; Volltext // Exemplar mit der Signatur: München, Bayerische Staatsbibliothek -- Biogr. 382 f

Letters exchanged between Dunham Jones Crain, Secretary of State Hamilton Fish, and New York City lawyer N.P. Bailey regarding a foreign affairs appointment.

Receipt for money to be placed to the account of Cadet Ball.