Market Disciplines

Brian Carnell briand at carnell.com
Sat May 11 21:58:19 MDT 1996


On 11 May 96 04:18:52 EDT, "Chris, London"
<100423.2040 at compuserve.com> wrote:

>How would this story read any differently, whatever desirable "-ism"
>the Bulgarian government had embraced, or undesirable political
>practice it had rejected?

Correct answer:  if there had been another "-ism" involved, the
socialists in Bulgaria wouldn't be flushing that country's economy
down the toilet.

You see where your philosophy leads and yet you still refuse to open
your eyes.

>FINANCIAL TIMES Friday 10th May 1996.
>
>BULGARIA LIFTS RATES TO 108% TO DEFEND CURRENCY
>
>The Bulgarian National Bank was forced to raise its central interest
>rate from 67% to a record 108% yesterday in a move to halt the steep
>decline in the value of the lev, the Bulgarian currency.



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Brian Carnell                   http://www.net-link.net/~briand/
briand at carnell.com


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