Sunday, December 18, 2016

Economic Crisis in Egypt; Price Inflation Over 100%

Steve Hanke reports:
As I say, revolution and overthrowing of an establishment regime does not necessarily mean things will turn out well.

They are not, not at all, well in Egypt following two presidents being overthrown since the start of the Arab Spring.



  1. Could it be different, as in an overthrow of a government, if it was an actual people's revolt?
    I mean, without outside governments being behind them, like the good ol CIA?
    Are there any revolts that have happened in the last 100 years that have not had an outside influence?
    I would think maybe a revolt in Venezuela would be a plus, can't get much worse when you are already starving, but are the people there educated enough to replace it with anything different? Seems all they have known is socialism in one form or another.

  2. Socialism and its close cousin - democracy - are spreading around the world like a bad disease. There may be ocasional set-backs, but this is going to play out until the world has a catastrophe worse than any since the flood.