Economics of National Security

Weapons of Market Destruction

In 1997 the Indonesian economy was devastated by a financial crisis, sending its currency plummeting and exposing President Suharto’s corrupt and shortsighted policies. The meltdown turned out to be the nail in the coffin for the aging dictator, whose hold on power had lasted for 30 years. What was perhaps more interesting than the resignation of this beleaguered president was the response made hundreds of miles away. On Jim... (More)