All Posts Tagged With: "Argentina"
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 | Guillermo M. Yeatts | 1 comment | ContinuedAfter That
“Somewhere in the world today walks the next Marx. But he is not a communist. . . . Nonetheless, he or she will attempt to seize upon the trends behind today’s headlines to shape a competitor to ‘American capitalism’ that the disenfranchised in nations around the world can embrace.” —DAVID ROTHKOPF1 David Rothkopf, chairman and [...]
1Jun2002 | Norman Barry | 2 comments | ContinuedEnron and Argentina Are Examples of Market Failure?
In the eyes of New York Times columnist Paul Krugman, nearly everything that goes wrong in the world is caused by the fact that government is not big and powerful enough. In a mid-December 2001 column he blamed both the bankruptcy of Enron and the collapse of the Argentine economy on deregulation. But, as is [...]
1May2002 | Thomas J. DiLorenzo | 3 comments | Continued-
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