The Wisdom of Positive Non-Intervention

Another leader who created a world of plenty by governing like Calvin Coolidge was Sir John James Cowperwaite (1915-2006). Cowperwaite was financial secretary of Hong Kong from 1961-1971. He is known for his policy of “Positive Non-Intervention.” Nancy DeWolf Smith calls it “The Wisdom That Built Hong Kong’s Prosperity.”

For more of how doing nothing can be superior to doing something, see The Forgotten Depression 1921: The Crash That Cured Itself.

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