Share on Google Plus Share on Twitter
  2
Share on Facebook
  1
Share on LinkedIn Share on PInterest Share on Fark! Share on Reddit Share on StumbleUpon Tell A Friend 3 Shares     
Printer Friendly Page Save As Favorite View Favorites View Article Stats
1 comment

Why conservative economists are aghast at radical reforms by Argentina's central bank.

Become a Fan
  (9 fans)
Quicklink submitted by Amanda Lang     Permalink
Related Topic(s): ; ; ; ; ; ; ; ; ; ; (more...) ; , Add Tags  (less...)

View Ratings | Rate It

Headlined to H3 7/4/12


At www.foreignpolicy.com

At a time when most governments seem incapable of doing anything about unemployment, worsening economic inequality, and continuing financial instability, Argentina has adopted a set of striking new reforms that will enable its central bank to play a much more proactive role in addressing all of these problems. In fact, the reforms may be the first shots fired in a quiet revolution in monetary policy. If successful, they could threaten to overturn 25 years of conservative central bank policies that have long been considered best practice by the IMF and central banks around the world. Argentina's new central bank president said the reforms challenge the conservative axiom that central banks should play a very limited role in the economy. The bank is now rediscovering its sovereign capacity to formulate and implement economic policy adding that Milton Friedman's policies were toast.

Read the rest of the story HERE:

At www.foreignpolicy.com


 

Comments

The time limit for entering new comments on this Quicklink has expired.

This limit can be removed. Our paid membership program is designed to give you many benefits, such as removing this time limit. To learn more, please click here.

Comments: Expand   Shrink   Hide  
1 people are discussing this page, with 1 comments
To view all comments:
Expand Comments
(Or you can set your preferences to show all comments, always)
in short, f*ck*d the World!... by Dennis Kaiser on Wednesday, Jul 4, 2012 at 12:46:27 PM