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I seem to remember that stable institutions are the most important. Infrastructure, policing, that kind of thing.
by tormeh 12y ago
I seem to remember that stable institutions are the most important. Infrastructure, policing, that kind of thing.
- bsbechtel 12y agoYes, I think you're right on those as well. I remember stable macroeconomic policies being a big one too. We went through some fairly convincing studies showing how damaging hyperinflation and unserviceable government debt can be to an economy.
- tormeh 12y agoMy point was that, as long as the politics are fairly conventional, the quality of execution of policies are orders of magnitude more important than whether those policies lean left or right.