Monday, November 29, 2010

Fiscal conservatism in Cuba

“It would not be ethical to increase unproductive expenditures at the cost of contracting debts that our children and grandchildren would have to pay.”

That is a headline on the front page (pdf) of Saturday’s Granma, and it’s a quote from a 2008 Raul Castro speech. The communist party newspaper has lately been making a practice of highlighting passages from this and other speeches that explain current economic policies. The headline over today’s speech excerpt: “There will not be spectacular solutions.”

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