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Home » Discuss » Topic Forums » Economy Donate to DU
Don Galt Donating Member (13 posts) Send PM | Profile | Ignore Fri Sep-26-03 10:24 AM
Response to Original message
1. Yep...

Well, Chile has been doing well. Pinochet was a brutal dictator, but somehow he invited Milton Friedman down and actually listened to him. the free economy has done well and hwne you walk around Chile you find poor people selling stuff... and they aren't that poor! They sell gum and cigarettes and all that... its a lot like walking around a state in the US where everyone speaks spanish.

Didn't go to argentina because they were having the meltdown. But the short of it is they inflated thier currency like we are doing now, only they don't have a trade deficit to export their paper to other banks with, and we do.

Argentina should be a cautionary tale to the US, but it seems nobody is listening.

Dont' know anything about bolivia, really.
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