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.


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.