28 Oct 10
http://www.huffingtonpost.com/mark-weisbrot/kirchner-rescued-argentin_b_774966.html
The sudden death of Néstor Kirchner today is a great loss not only to Argentina but to the region and the world. Kirchner took office as president in May 2003, when Argentina was in the initial stages of its recovery from a terrible recession. His role in rescuing Argentina's economy is comparable to that of Franklin D. Roosevelt in the Great Depression of the United States. Like Roosevelt, Kirchner had to stand up not only to powerful moneyed interests but also to most of the economics profession, which was insisting that his policies would lead to disaster. They proved wrong, and Kirchner was right.
28 Oct 10
Originally posted by adam warlock[/b]Moral of the story: never trust an economist.
http://www.huffingtonpost.com/mark-weisbrot/kirchner-rescued-argentin_b_774966.html
The sudden death of Néstor Kirchner today is a great loss not only to Argentina but to the region and the world. [b]Kirchner took office as president in May 2003, when Argentina was in the initial stages of its recovery from a terrible recession. His role i ...[text shortened]... hat his policies would lead to disaster. They proved wrong, and Kirchner was right[/b].
28 Oct 10
The revisionism on Kirchner's legacy is amazing. Argentina has been overrun by cronies of the "Peronists" and they are grabbing as much as they can. The 2008 pension reform was an incredible smash and grab. Oh, we can't borrow from the capital markets? Ok, let's nationalize pensions and use that money then. Amazing. 😕