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I just got back from a trip to Argentina, where Peronist President Cristina Kirchner announced a proposal to nationalize private pensions. This is theft on a grand scale—the assets are worth about $30 billion—at a time when government spending has skyrocketed and the possibility of yet another official default next year has increased. There is [...]
... other hand, has a background that’s hard left. It’s not clear whether he wants to be Tony Blair or JuanPeron,” said Myron Ebell, a policy analyst at the conservative Competitive Enterprise Institute.Of course, there’s a lot of political real estate between Blair, the former British prime minister, and Peron, the socialist Argentinian leader.
... other hand, has a background that’s hard left. It’s not clear whether he wants to be Tony Blair or JuanPeron,” said Myron Ebell, a policy analyst at the conservative Competitive Enterprise Institute.Of course, there’s a lot of political real estate between Blair, the former British prime minister, and Peron, the socialist Argentinian leader.Not Like 1993The difficulty in pinning...
... initially organized under various banners to bring back the exiled former president of Argentina, JuanPeron. They finally turned to armed struggle as the Montoneros in 1970, and pursued a growing campaign of bombings, kidnappings, robberies and assassinations against the dictatorship and international business interests. Free elections and Peron's return led the Montoneros...
... the good guys didn't win the 2007 presidential election; otherwise, as after the late unlamented JuanPeron, it might have been another 50 years or more before you finally figured out that populist-leftist economics doesn't work. This way, you'll have your chance to straighten up and fly right in a couple of years.) However, most emerging markets are not all that badly run. Indeed,...