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Monday, November 3, 2008

Cry for Argentina Part II...More silliness from our friends in the South.

Che' was Argentine Eva Peron too.

Argentina continues as one of the economic tragedies of the 20th century. Now the 21st too. In 1900 they were the 3rd wealthiest country in the world. Not today. There is an old joke about how when God made the earth, angels came to him and said "God, this is not fair. You have given this country such beauty and natural resources beyond what you have given others, this is not fair." God turned to the angels and said, "just wait, I am going to put Argentines there."

They keep shooting themselves in the head, over and over, in someone's sick repeat of the movie Groundhog Day. Read the link below and weep. We know from economic research that private property is one of the most precious economic resources we have combinded with defending it through the court system and the rule of law. That is what makes economies grow.

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