The pathology of a government power grab is not hard to discern. The state creates the conditions for crisis. Crisis strikes. Politicians seize extraordinary powers. Crisis passes. Left behind is a popular perception that complete annihilation was averted due to government genius. Politicians are permitted to expand their power.
That’s an excellent excerpt from columnist Mary Anastasia O’Grady at the Wall Street Journal who tersely narrates of the anatomy of political power grab by governments.
In using Argentina as example, Ms. O’Grady exposes the Kirchner administration use of the above stratagem to extend political control of their monetary policies through the central bank.
Yet this is not limited to Argentina but applies to the politics of interventionism everywhere.
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