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Monday, March 12, 2012

180. Fiat


From, “Mitt Romney Praises Chinese Regulators,” by Max J. Rosenthal, 3/9/12, The Huffington Post:

They're also moving quickly, of course, because China's communist government can seize property by fiat and marshal state-owned industries to build large projects. While much of China's economy is capitalist, Romney's praise of infrastructure projects like roads and airports seemed to be an odd defense of centrally directed economics.

Fiat: a formal authorization or proposition; a decree

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