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Re: Keynesian Christmas!

pkters:

Economic measures in Argentina (for the next 60 days??):

1. Default: no interests payments, no principal payments (if any);
2. Third Currency: Treasury Notes...to pay for emergency expenses, such as
#3......;
3. Employment Program of 1m jobs supervised by an NGO...Provinces must
create
ANY job and the Govt. will pay 200 "notes" (dollars). This quasi-currency
will
float against the dollar;
4. No devaluation, no dollarization,.1peso=1"note"=1 dollar.....

comments???
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