Since I am going to sound off a bit about Jonathan Perkins‘ bestseller, The Confessions of an Economic Hitman, I guess I should be upfront about my ignorance of half of its contents. I haven‘t read Perkins‘ book.
Yet, I wouldn‘t describe the book as unfamiliar. These days, it is quite easy to distil the essence of a popular book without even taking a peek at its insides. With a reliable Internet connection, you can travel halfway through a good book without actually buying one. All you need do is to make the rounds of blogs and websites like Amazon.com and Google Books (books.google.com), and browse their rich offerings of excerpts and reviews.
I do that often. And thanks to this pastime, I can safely suggest that The Confessions of an Economic Hitman is what our present crop of leaders needs to cure them of their growing lust for foreign loans. This lust has found expression in the Federal Government‘s recent move to borrow from the international capital market and financial institutions. Every now and then, it also rears its ugly head in the form of the shameless desperation with which state governments search for all manner of local and foreign loans even when they have little to show for previous ones.
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