"The forces of the market are just that: They are forces; they are like the wind and the tides; they are things that if you want to try to ignore them, you ignore them at your peril, and ... if you find a way of ordering your life that is compatible with these forces, indeed which harnesses these forces to the benefit of your society, that's the way to go." -- Arnold Harberger, University of Chicago Economist
Wednesday, February 20, 2008
Castro Embodies Contradictions of a Movement - WSJ.com
"For all his political skills, Mr. Castro pushed oddball economic theories during his long tenure. In his effort to create a selfless 'New Man,' he tried to abolish money for a time. Later on, he promoted a program to create midget cows for distribution in Cuba's cities as a way of solving the country's endemic milk shortage. Even with the fat subsidies from the Soviet Union and Venezuela, Cuba has had to maintain austere rationing."