Tuesday, September 27, 2005

A Pretty Face is Not Enough



Remember her? Pretty? Sure. Smart? Well....

The lady in the picture is Yulia Tymoshenko, who a week ago was kicked out of her seat as prime minister of Ukraine.

Reason for her ouster: It turns out that Ms Tymoshenko is a big fan of big government. And while in office, she messed up Ukarine' economy through government policies that undermined property rights.

The result: For the past eight months, "economic growth has plummeted from an annual 12 per cent last year to 2.8 per cent so far this year, driven by a fall in investments." This is from FT, read on.

Hat tip to my former teacher Tyler Cowen up at Marginal Revolution for the pointer.

2 comments:

Sea Bottom Coconut said...

Did she have the time to do all that much damage?

VC said...

No Anything is Enough.

Her chair is too attractive.