„Keynesianism for the rich countries and monetarism for the poor“

—  Ha-Joon Chang, book Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism, Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008), Context: Gore Vidal, the American writer, once described the American economic system as 'free enterprise for the poor and socialism for the rich'. Macroeconomic policy on the global scale is a bit like that. It is Keynesianism for the rich countries and monetarism for the poor. Ch. 7, Keynesianism for the rich, monetarism for the poor, p. 158
Ha-Joon Chang photo
Ha-Joon Chang
Economista 1963
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