Be Really Careful What You Say About Banking Stability … at Least in Latvia
Remarkable story in today's Wall Street Journal, front page, December 1, 2008, about a Latvian economist arrested and held for several days - not finally charged - for expressing pessimistic sentiment about the stability of the Latvian financial system: How to Combat a Banking Crisis: First, Round Up the Pessimists Latvian Agents Detain a Gloomy Economist; 'It Is a Form of Deterrence' I have stuck...