Some smart guys in Chile

[medved]

Re: Some smart guys in Chile

edit: thought I was being original - read the other posts after I posted & realized others thought the same.

regulatory failure ??? ???

heavily tax & set aside money in good times???

Didn't believe in the intrinsic goodness and accuracy and general uber-alles power of markets?

Didn't have to. No more, than goodness and accuracy and general uber-alles power of governments.

People with unshakable faith in the gov't would use the good times to sell more gov't bonds, print more funny money for whatever dogoodnik government needs. Sometimes it would be new weapon systems, and sometimes new social programs, as if there are not enough of both.

Also, when times are "good", they are very good for speculators in the first place. The gov't needs to help the rest of the sheeple to keep up by enhancing the existing Gov't Speculative Enterprises and somehow getting everybody into the borrowing business (be it "education", hi-tech "enterprises", housing or whatever).

The most important thing is to keep the sheeple's faith, that the sky will be always blue. Of course it will be blue! The Big Party Of The Small Gov't says it is because of their wise policies and the "free" market. The Big Party Of The Big Gov't says it is because of their wise policies. But it will be blue anyway, so, what's the reason not to speculate?

Only some conspiracy nuts don't believe, we have the free market. :rolleyes:

[tombat1913]

Re: Some smart guys in Chile

It's one of the things that truly saddens me when I look at LatAm.

They never seem to get it (aside from Chile, and to a much much lesser extent Brazil this time around). When there is a commodities boom, coupled with record remittances (which also has negative effects on labor), is use that extra dough to affect reform that (i) reduces future dependence on commodities (in addition to investing in the productivity of such commodities), and (ii) carries you through the down cycles.

Guess it's easier to borrow more, spend, and steal. This criticism is addressed to both the public and private sectors.

We'll have little time for pity when our party ends here in the U.S.

[tombat1913]

Re: Some smart guys in Chile

Who could have known that Brazil and Chile would do alright during this recession?

http://www.itulip.com/forums/showthr...hile#post73800

toot toot!

[doom&gloom]

Re: Some smart guys in Chile

toot toot!

I have been pumping Brasil as the BRIC country of the future for some time, though not all that much on this board. I am even learning Brazilian Portuguese...