The Aid Trap

The Aid Trap
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David Parker
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Commentary

When rich nations fall into recession, their governments do what they can—but after 100 years of socialism (the entire 20th century), those governments know now not to intervene in the economy. To prevent a financial crisis, yes, they loan money to banks, but otherwise, they stay back.

David Parker
David Parker
Author
David Parker is an investor, author, jazz musician, and educator based in San Francisco. His books, “Income and Wealth” and “A San Francisco Conservative,” examine important topics in government, history, and economics, providing a much-needed historical perspective. His writing has appeared in The Economist and The Financial Times.
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