En relación a [PEN-L:1448] Re: Re: Re: Re: RE: Re: Argentina/GD,
el 7 Sep 00, a las 22:12, Brad DeLong dijo:
The first
hyperinflation was a coup d'etat. It was provoked intentionally
(there are proofs and declarations in this sense, as well as there
are others on the milder hyperinflation provoked in 1975 to generate
the chaos that led to the 1976 coup) and ended with the downfall of
Alfonsín.
Provoked intentionally by whom? The central bank? The Alfonsin
government?
Ah, Brad, you are forcing me to break my votes. Not a way to get to
Paradise. Will answer this but next time, please refer to bibliography.
By the Argentinian ruling class, a very compact "rosca" ("lobby")
which has the advantage of being the ONLY class in Argentina with
clear consciousness of their class goals. In 1989 it was very easy
for a gang of bankers and foreign trade speculators to forge a
scarcity of foreign currency, for example. And they did it. By the
way, I personally benefitted from that, because I had earned some
dollars in a job, and had contracted a week of vacations with the
"old" exchange rate, only to find that hyperinflation in the midst of
the vacations had magically multiplied the purchasing power of my
scant savings, and could thus multiply the days at the hotel...
Jim Devine has given you some hints, and curiously enough without
trying to show that he knows anything on Argentina, on how might
things happen here. Are you always so undeservedly haughty and so
despective of the concrete realities outside your own country?
Brad DeLong
Néstor Miguel Gorojovsky
[EMAIL PROTECTED]
