Wednesday, December 20, 2006
Bhatted around
How about that Thai central bank, hey folks? Too many people want to invest in your country, so what do you do? Hamstring their money! This was obviously a case of some Thai exporter having way too much pull with his less-than-bright brother-in-law in the central bank (I'm hypothesizing). Such knee-jerk reactions to protect domestic industry never work ... yet governments keep trying them. At least our economic bureaucracy makes things nice and slow.
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