Kazakhstan ends bank bailouts, writes off people's debts instead
Jon Hellevig: "Instead of bailing out banks and oligarchs, Kazakhstan will write off loans of the poor. This has been announced by new Kazakh president Kassym-Jomart Tokayev. There’s an unexpected corner of the world from where sound and fair financial policies emanate!
Doing this President Tokayev is actually reviving an ancient traditions of cancelling…