MercoPress. South Atlantic News Agency
Uruguayan government and supermarkets agree to keep 2012 inflation below 10%
Uruguayan supermarkets pledged to help the government of President Jose Mujica to keep inflation below 10% at the end of the year even when in the first nine months of the year it reached 8.64%. Read full article
Comments
Disclaimer & comment rulesPrices should be fixed per definition and only major incidents should be allowed to affect them. Lets try that for a change, because infinite growth is mathematically impossible...
Oct 16th, 2012 - 08:08 am - Link - Report abuse 0If you fix prices you will have shortages. Prices should be set by the market, supply and demand is the answer.
Oct 16th, 2012 - 09:40 am - Link - Report abuse 0Been there, tried that. Didn't help, creates poverty.
Oct 16th, 2012 - 09:43 am - Link - Report abuse 0@3 Guzz
Oct 16th, 2012 - 03:59 pm - Link - Report abuse 0No, you are wrong.
What creates poverty is the foolish notion that the government can control the markets and reacts accordingly.
Also, the massive fiscal drag caused by successive parties bolstering their cronies in government service. They produce nothing, nor in reality do they pay taxes (think about it before jumping down my throat).
What reduces poverty is EDUCATION of the whole population and forming a ‘we can achieve’ credos in all levels of society. This MUST be supported by inward investment and the reduction of fiscal drag by retraining government employees into other lines of work, paying them as necessary.
This government has, to its credit, embarked on a international scheme to encourage investment in Uruguay. This has had some successes but hit a brick wall with poor applicants for the ‘intelligent’ jobs on offer and bolshie unions.
Dare I say it? What Uruguay and many other LatAm countries need is a young LatAm equivalent of Maggie Thatcher. Wait for me to put my motorcycle helmet on!
Chris
Oct 16th, 2012 - 06:18 pm - Link - Report abuse 0Now why would we need a facist ironlady high on testosterone at the rear for??? That's called hara-kiri in some language...
@1 Guzz, did you and Pirat-Hunter go to the same school? So, you think price-fixing by the government is what will work for an economy? Have you ever heard of the Soviet Union? They tried things like government price-fixing. That worked out really for them didn't it? But hey, let's re-invent that wheel, because we can figure out how to do it better. It's still a wheel dude.
Oct 16th, 2012 - 08:07 pm - Link - Report abuse 0Look at what Chilean Perspective wrote.....that's how an economy should work.
amazing people still think like this, this must be a wind up surely?
Oct 16th, 2012 - 10:44 pm - Link - Report abuse 0quote:
“Prices should be fixed per definition and only major incidents should be allowed to affect them. Lets try that for a change, because infinite growth is mathematically impossible...
”
7
Oct 17th, 2012 - 09:49 am - Link - Report abuse 0Of course it's insane, I mean, neo-liberalism and free market works like a charm, doesn't it? Wiping the middle class every once in a while and keeping the poor poor is something it does flawlessly. Shovel your economic system down the same drain your society is heading, we want neither of it.
Great initiative, the real alternative to inflation!
Oct 22nd, 2012 - 09:08 pm - Link - Report abuse 0Commenting for this story is now closed.
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