Free Market
Author:
Jeffrey M. Herbener
Online Publish Date:
The Free Market 16, no. 5 (May 1998) Winter’s economic crisis in Asia was blamed on “go-go capitalism” and “crony capitalism,” but those explanations don’t get to the root cause. The Asian meltdown stems from structural defects deep within the world monetary system itself. These are defects that no amount of bailouts, exchange controls, IMF