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Hernando de Soto – IT’S ABOUT PAPER NOT BUBBLES: Stopping the Meltdown

IT’S ABOUT PAPER NOT BUBBLES: Stopping the Meltdown

I recently received the following mail from Marshall Thurber, who studied and worked with R. Buckminster Fuller and W. Edwards Deming as well founded the Positive Deviant Network, about an article written by Hernando De Soto. Mr. De Soto, a Peruvian economist whose work focuses on the impact of the absence of a formal property ownership system in under-developed countries and how that lack of rights leads to endless poverty. Mr. De Soto has won numerous awards including the Milton Friedman Prize for Advancing Liberty and the Bradley Prize for outstanding achievement by the Bradley Foundation.

In this article, with Marshall’s preface included, Mr. De Soto discusses the real causes and dangers of our current economic situation:

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