SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 366.09-0.1%Nov 6 4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Elroy Jetson who wrote (126430)12/18/2016 4:04:18 AM
From: koan  Read Replies (1) of 217553
 
sras.org

To understand how the doctors attempted to assist Russia, we must first understand the theoretical model from which they operated. The term "Shock Therapy" was an invention of the media and a modification of

Milton Friedman's phrase "Shock Policy."

Jeffrey Sachs (2000), a professor of economics at Harvard, argues that Ludwig Erhard's quick liberalization of price controls and government spending cuts in 1947-48 West Germany served as an inspiration for the shock therapy model.[1] Yet shock therapy, as it is now known, was first pioneered in Chile in 1975 by the "Chicago Boys"[2] following Augusto Pinochet's coup and then in Bolivia in 1985 under Gonzalo Sanchez de Lozada. Soon after, Eastern European countries followed suit: Poland in 1990, Czechoslovakia and Bulgaria in 1991, Russia, Albania, and Estonia in 1992, and finally Latvia in 1993 (Marangos 2004).
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News