Monday, July 18, 2016

Tyler Cowen Now Writing for Bloomberg

Lots of interesting historical data in his debut essay.

I found this to be the most interesting paragraph:
One myth about coups is that they follow long periods of economic decline. This is often true for coups in autocracies, but not in democracies. If anything, coups in democracies often follow periods of significant economic growth, though sometimes with a crisis at the very end of the positive run. That was the case for the Chilean coup of 1973 and also the Turkish coup of 1980. As of late, Turkey has been growing at rates in the neighborhood of 4 percent, hardly a miserable performance.
But overall the column was a bit too empirical for me, though Tyler does bail himself out in his last paragraph.


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