Coups and Stable Expectations
Barry and Russ discuss the impact of coups on creating stable expectations and highlight Chile's success in maintaining stability despite its neighbors' struggles. They delve into the peculiar features of the Pinot constitution and how it allowed the party on the right to have a veto in the Senate. Over time, the left gained control over these veto enclaves, leading to a successful alteration of the constitution.In this clip
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Barry Weingast on Law
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