Why o why o why? Why can't we be like Chile? Why can't our central bankers have huevos?
Look at this: little Chile - the lighthouse of South America - has raised interest rates to ten year highs. They are trying to keep inflation down to 3%.
http://news.moneycentral.msn.com/provider/providerarticle.aspx?feed=AP&date=20080815&id=9032465
And look at their stats: they're whipping up on American across the board:
http://www.economist.com/countries/Chile/profile.cfm?folder=Profile-Economic Data
Here's my real question: what will it take for the U.S. to get its act together? Is that even possible now?
Or, put another way, is America simply too powerful and too political to ever be well run economically again??
Look at this: little Chile - the lighthouse of South America - has raised interest rates to ten year highs. They are trying to keep inflation down to 3%.
http://news.moneycentral.msn.com/provider/providerarticle.aspx?feed=AP&date=20080815&id=9032465
And look at their stats: they're whipping up on American across the board:
http://www.economist.com/countries/Chile/profile.cfm?folder=Profile-Economic Data
Here's my real question: what will it take for the U.S. to get its act together? Is that even possible now?
Or, put another way, is America simply too powerful and too political to ever be well run economically again??