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There is talk of a snap election in December to renew the political mandate for the administration's economic therapy.
Foxsports.com's Ken Rosenthal writes, "For one day, and probably only one day, Baltimore's Camden Yards was transformed from the funeral home of a bumbling franchise to the raucous center of a populist rebellion," and he argues that this could be economic therapy because we can't boo A.I.G. executives daily.
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On its heels has come a round of economic shock therapy.
It is extraordinary to hear a Labour (albeit New Labour) government endorsing such economic shock therapy.
In 1992 and 1993, "hyperinflation generated by economic shock therapy... wiped out the life savings of most Russians".
First there was a "shock and awe" invasion, then "radical economic shock therapy, imposed, while the country was still in flames".
The fall of Communism in 1989 and the ensuing economic shock therapy brought Poland hyperinflation and 20percentt unemployment, from which it is still recovering.
At that time, he was the best-known advocate of economic "shock therapy" for former Soviet-bloc nations -- a rapid, often painful, transition to minimally regulated capitalism.
But Rodrik is careful to distinguish his argument from the mere advocacy of "gradualism," whose proponents are embroiled in a theoretical tiff with advocates of economic "shock therapy".
Early — and some say deceptive — signs that new Prime Minister Shinzo Abe's economic shock therapy, called Abenomics, might just be working," The New York Times writes.
Early — and some say deceptive — signs that new Prime Minister Shinzo Abe's economic shock therapy, called Abenomics, might just be working.
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