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Tuesday, April 17

Washington Post Peru's Bad Memory: "Mr. Garcia also claims to have learned from the past -- but he hasn't. He's still promising to withhold $400 million in payments to foreign creditors if he is elected in next month's runoff; still promising to use government power to force down prices; still boasting of the cheap money he will hand out to farmers. His formula has been tried over and over in Latin America during the past half-century, always with disastrous results; but the free market solutions of the past decade have not spread enough wealth to make them invulnerable to such demagoguery." An editorial from WP, and I bet it was written by Jackson Diehl who coverede Peru in the mid-1980s. Jackson is now one of the op-ed editors.

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