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Re: Income tax and employment




On Tuesday, May 7, 2002, at 12:11 PM, William B. Ryan wrote:

The Argentines should immediately take control of the situation and work
out the details of contractual settlement with their international
creditors
and internal bankers later.  Argentina is after all a sovereign nation.
 It should begin acting like one.  They should immediately print enough
government issued banknotes to allow anyone to withdraw his deposits
to do so, denominated of course in pesos, not dollars.  Emergency aid
checks to the people should go out immediately.  People are presently
denied the money to conclude even the simplest of transactions.  They
should immediately take control of foreign trade, not disallowing trade
but rationalizing its financial aspect, in much the same manner that
the old Soviet Union dealt with its trading partners.

The domestic market can be jump started immediately.


How do you control the fact that people do not want pesos but dollars?

Mariano Féliz




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