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Shock treatment means you have a very sick patient [and] you have to operate before the patient dies. You have to get the cancer out, or you have to stop the infection." [ 27 ] He explained: "That's why we coined the phrase that inflation is like a tiger and you have only one shot; if you don't get it with that one shot, it'll get you.
The Shock Doctrine: The Rise of Disaster Capitalism is a 2007 book by Canadian author and social activist Naomi Klein. In the book, Klein argues that neoliberal economic policies promoted by Milton Friedman and the Chicago School of Economics have risen to global prominence because of a deliberate strategy she calls "disaster capitalism".
In his study, Klement found the extreme version of Trump’s tariff proposal, a 20% blanket tariff on foreign imports, plus a subsequent trade war, would reduce U.S. GDP by roughly 0.3% in the ...
The Balcerowicz Plan (Polish: plan Balcerowicza), also termed "Shock Therapy", was a method for rapidly transitioning from an economy based on state ownership and central planning, to a capitalist market economy.
Caputo, echoing previous pledges by Milei, said the government would look to gradually erase export tariffs, something farmers have long sought. Argentina is a top exporter of processed soy oil ...
The U.S.-China trade war is counterproductive–and the Huawei P60’s chip is just one of its many unforeseen ramifications Ben Harburg September 18, 2023 at 10:51 AM
Experts have argued that the China trade shock has ended. [1] [13] [14] In relation to consumer goods, the China shock largely ended by 2006 or 2007 [14] while indicating that for capital goods the effects of Chinese imports to the United States continued up until 2012 and are ongoing in specific product categories. [1]
A small-sounding rate hike had a big effect on exchange rates The yen reacted almost immediately to the rate hike, rising to about 150 to the U.S. dollar from about 162 to the dollar earlier in July.