The Phaserl


Another Bailout of Lenders, This Time in Ukraine

by Michael S. Rozeff, Mises:

The IMF is lending $18 billion to Ukraine’s government, so that it can pay one small part of its huge debts. The money will go to the lenders, which include banks, mainly in Europe, and other investors in Ukraine’s bonds. This will not stem Ukraine’s economic decline. The IMF’s price includes higher taxes, which will make it worse.

There are several possible recipes for reviving Ukraine’s economy. One of them is to mimic the German miracle. Ludwig Erhard understood how to do it. See here and here and here.

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