Michael Hughes

Michael Hughes: Not only did Washington’s $113 billion plus state-building endeavor fail to bring stability and good governance to Afghanistan, it neglected to put in safeguards against one of the most predictable financial collapses in history. It didn’t take a Nobel prize-winning economist to foresee that Afghanistan’s distorted “war economy” bubble would burst in the post-NATO world. USAID, international donors and the previous and sitting Afghan governments were asleep at the switch, so to speak, paying little heed to fundamental economic warning signs, not to mention basic mathematics. Click here to read more.