Re: Keynesian Christmas!

[Alan Cibils <abcibils@xxxxxxxxx>]

Re. Bill's message below,  I would appreciate any references on PKT
opinions and thoughts on dollarization, fixed vs. floating exchange rates.
I remember there being a debate about these issues on the list some time
back, but I am more interested in journal articles, books, chapters, and
the likes.

Many thanks,

Alan



At 07:38 AM 12/25/2001 +1000, Bill Mitchell wrote:
> Dear PKT
>
> Classic case for a Job  Guarantee...
>
> As long as taxation collections can be made Argentina should:
>
> (a) abandon the currency peg against the dollar.
> (b) renegotiate all foreign contracts held by the govt in the peso. take
> it or leave it.
> (c) introduce a JG with wages in peso.
> (d) introduce short-term price controls if needed.
> (e) absolutely resist dollarisation.
>
> best wishes
> bill


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