Re: Keynesian Christmas!-- and the collapsiing international payments system -Argentina and the ensuing slippery slope

["Sean Reilly" <seanjreilly@xxxxxxxxxxx>]

Your comment is interesting.  So, from the way that you worded that, I can
gather that the US [et. al.] has bequeathed something to Argentina in
allowing it to tie the Peso to the Dollar.  Granted, there is the value of
the dollar, but maybe I am missing the point.  I would think that in order
for Argentina to sustain the value of the peso relative to the Dollar,
Argentina would need to reform its institutions to achieve a more formal
economy.  The level of persons paying tax in their country is absurdly low.
My position maybe construed as rather elitist, but I can think of no other
solution than implementation of Western Free Market Institutions with a
fiscally strong Government.

Sean

----- Original Message -----
From: "Mario Jose de Lima" <mjlima@xxxxxxxxxx>
To: "Sean Reilly" <seanjreilly@xxxxxxxxxxx>
Sent: Friday, December 28, 2001 12:37 PM
Subject: Re: Keynesian Christmas!-- and the collapsiing international
payments system -Argentina and the ensuing slippery slope


>
> ----- Original Message -----
> From: "Sean Reilly" <seanjreilly@xxxxxxxxxxx>
> To: "Kazuhiro Kurose" <kurose@xxxxxxxxxxxxxxxxxxxxxx>
> Cc: "PKT Listserv" <pkt@xxxxxxxxxxxxxxxx>
> Sent: Thursday, December 27, 2001 2:35 PM
> Subject: Re: Keynesian Christmas!-- and the collapsiing international
> payments system -Argentina and the ensuing slippery slope
>
>
> > Why not abandon the Dollar altogether?  The solution to this problem
seems
> > obvious to me: devalue the currency.
> >
>
> YOU MUST CONSIDER THE PATRIMONIAL DISARRANGEMENT THAT WOULD RESULT OF THE
> DEVALUATION.
>
>
>
>
>