Uruguayan government and supermarkets agree to keep 2012 inflation below 10%

Tuesday, October 16th 2012 - 07:53 UTC

Full article 9 comments

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

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Guzz
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...
Oct 16th, 2012 - 08:08 am - Link - Report abuse 0
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The Chilean perspective
If 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 0
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Guzz
Been there, tried that. Didn't help, creates poverty.
Oct 16th, 2012 - 09:43 am - Link - Report abuse 0
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ChrisR
@3 Guzz

No, 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!
Oct 16th, 2012 - 03:59 pm - Link - Report abuse 0
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Guzz
Chris
Now why would we need a facist ironlady high on testosterone at the rear for??? That's called hara-kiri in some language...
Oct 16th, 2012 - 06:18 pm - Link - Report abuse 0
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jakesnake
@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.

Look at what Chilean Perspective wrote.....that's how an economy should work.
Oct 16th, 2012 - 08:07 pm - Link - Report abuse 0
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surfer
amazing people still think like this, this must be a wind up surely?

quote:

“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...
”
Oct 16th, 2012 - 10:44 pm - Link - Report abuse 0
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Guzz
7
Of 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.
Oct 17th, 2012 - 09:49 am - Link - Report abuse 0
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British_Kirchnerist
Great initiative, the real alternative to inflation!
Oct 22nd, 2012 - 09:08 pm - Link - Report abuse 0
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