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well well #Argentina central bank finally recognizes that monetarism without exchange rate management is like the Night King without dragons: only effective at hammering the poor h/t @TomasLukin bcra.gob.ar/Noticias/Comun…
the IMF has given its blessing - which many Argentinians view as an ill-disguised attempt to prop Macri ahead of general election, second in a row after blessing for price controls
Argentina experiment of monetarism without exchange rate management to contain inflation only proves how wrong Milton Friedman has been
mind, every Eastern European country with an IMF SBA program in the early 1990s has proven exactly the same, but in the world of economic policy, stubborn empirics is not enough to dent power of right-wing economic ideas.
the romance between Argentina and the IMF is straying further away from its free-market roots - central bank tries to reverse dollarisation by pushing banks to offer long-term local currency deposits to non-clients pagina12.com.ar/191105-plazo-f…
hey, Milton Friedman blessed our love, but we'll do whatever it takes for Macri to win elections.
while Friedman's ghost is nostalgically listening to Carlos Gardel, verdad @TomasLukin
your daily reminder that the IMF program in Argentina, with its USD 50bn firepower, is to date less successful than Turkey's own convoluted attempts to deal with its problems
