In case you hadn’t noticed, there’s been trouble in Moldova and Georgia of late. The reason that both small ex-Soviet states have erupted onto your TV screens (and Risk Watchdog) this week is that both have seen crowds of 10,000+ angry citizens take to the streets of their respective capital cities to protest against their… [Read more]
Three days ago I stressed that the dissolution of Latvia’s four-party coalition government was looking more and more likely. Today, President Valdis Zatlers announced that he has accepted the resignation of the prime minister and his administration. With the economy in turmoil and now lacking a government, Latvia’s ailments are only surpassed by defunct state… [Read more]
Economic theory of market failure and externalities put aside, Risk Watchdog has always had difficulties in coming to terms with the idea of government intervention in the market. In many cases it is difficult to come up with a valid counterfactual that proves that the market would have been better off without the ‘helping hand’… [Read more]