Archive for Guillermo M. Yeatts

Plunder in Argentina

On December 3, 2001, the government of Argentina banned its citizens from withdrawing their bank deposits. They amounted to US$70 billion, one-and-a-half times the national budget, more than half the country’s public debt. This was not an isolated act, but a desperate measure taken by a government that, despite the belief that it followed free-market [...]

1Sep2002 | | 1 comment | Continued
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