By Enrique Blasco Garma of Libertad y Progreso DATA CLAVE- The main purpose of the Central Bank of Argentina (BCRA) is to preserve the value of the currency. Inflation, which is now 75 years old, confirms the failure of BCRA. Why can’t it deliver? The State subordinates the value of the currency to finance the […]
Tag: Argentina
Argentine peso devalued by 90% against the dollar in 2020
Courtesy Libertad y Progreso LA MAÑANA ONLINE – According to estimates by some national media, the “blue” dollar had a 118% rise during 2020, and according to economist Aldo Abram, executive director of the “Libertad y Progreso” Foundation, the “gap” between this parallel quotation and the value of the official exchange rate it will […]
Ecuador’s lessons in “dollarization”
“CEA Perspectives: Lessons from Dollarization in Ecuador” By Nicolás Cachanosky, courtesy of Libertad y Progreso UCEMA – The year 2020 marks the twentieth anniversary of dollarization in Ecuador. The year 2020 also marks 13 consecutive years of high inflation in Argentina. In the last 20 years, Ecuador and Argentina have followed different paths in […]
Time for Argentina to ditch the peso and dollarize
“It’s Time to Ditch the Argentine Peso” By Steve H. Hanke, courtesy of Fundacion Bases In addition to facing an acute COVID-19 crisis , Argentina’s troubled economy is collapsing, and, as often happens, the tightening knot of inflation is suffocating Argentines. The official inflation in Argentina for August 2020 is 40.70% for the year. And, like never before, Argentina’s official inflation rate is relatively close to […]
Argentina Is Freezing The Economy Again. The Country Needs Innovation, Lower Taxes, And Deregulation
By Lorenzo Montanari, courtesy of Libertad y Progreso Argentina, one of the richest countries in the world during the first 50 years of the twentieth century, is facing another economic crisis. The Peronist government is using Covid-19 to keep the country in one of the world’s longest and detrimental lockdowns. It is expanding state […]
Ché Guevara’s house is for sale, and we want to buy it
By Federico N. Fernández, courtesy of Fundación Internacional Bases Fundación Internacional Bases, a think tank headquartered in Rosario (Argentina), wants to purchase the house in which Ché Guevara was born. Located in the center of Rosario, the apartment is on the second floor of a lovely French neoclassicist building. The purchase of the […]
Why do Argentines save in dollars?
By Libertad y Progreso, courtesy of Ámbito Financiero “Whoever bets on the dollar loses.” This famous phrase was said by former Minister of Economy Lorenzo Sigaut in 1981, to try to convince Argentines to stop saving in dollars. As expected, reality prevailed with an exchange rate escalation. Today the BCRA is […]
With radical change, Argentina can turn this crisis to its advantage
“Taking Advantage of the Crisis: Three Steps for the Revolution Argentina Needs” By Federico Fernández, courtesy of Fundacion BASES Let’s be clear, the Argentine economy was already tumbling before we even suspected that a delicious bat soup would quarantine a third of Humanity. But there is also no doubt that the economic situation as […]
Will Paraguay Follow Argentina’s Economic Decline?
By Marcelo Duclos, courtesy of Panampost Although there was a moment in history when there was talk of the “Argentine miracle” (after the Constitution of Juan Bautista Alberdi) or the “German miracle,” after World War II (in one part, of course), I think we should mention another contemporary miracle: the Paraguayan one. It […]
Argentina, from rich country to poor country
By Manuel Llamas, courtesy of Libertad y Progreso In the first third of the 20th century, it was one of the ten wealthiest countries in the world, today it is 63 (IMF, 2017). Why? The answer is socialism. Argentina is one of the countries that has registered a greater economic deterioration during the last century. its transit […]