January 15, 2007
Dollarization versus Ecuador’s new leftist president

“Is dollarization threatened by Ecuador's radical new president, Rafael Correa — or is Correa threatened by dollarization?” The story here.

Hat tip to Dora de Ampuero, quoted in the article, who is an external student of mine via ESEADE, the Buenos Aires business school.

Posted by Lawrence H. White at 06:54 PM in Economics

The statesman who should attempt to direct private people in what manner they ought to employ their capitals would not only load himself with a most unnecessary attention, but assume an authority which could safely be trusted, not only to no single person, but to no council or senate whatever, and which would nowhere be so dangerous as in the hands of a man who had folly and presumption enough to fancy himself fit to exercise it. -Adam Smith

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