Mujica promises to control the curse of inflation, but ‘there are no magic solutions’

Friday, April 15th 2011 - 02:13 UTC

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President Jose Mujica promised there will be no ‘uncontrolled inflation in Uruguay’ and although admitting it’s not a simple problem, with no magic solution, there are “sufficient tools’ to address the issue including putting “government spending on a diet”. Read full article

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GeoffWard
“To stop inflation it is recommended to put government on a diet with a budget where spending matches effectively collected taxes: the same figure taken from taxpayers is what can be spent; it is what economists in their fancy jargon call fiscal equilibrium, which means living by your means”

This man is AMAZING.
He has enunciated the key economic principle of all time.
If he can do it without a revolution he will have succeeded where most developed world economies have spectacularly failed.

Good luck - I hope he succeeds.
Apr 15th, 2011 - 07:00 pm - Link - Report abuse 0
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