Argentna got it right?

[pdavidso <pdavidso@xxxxxxx>]

>===== Original Message From Matias Vernengo <vernengo@xxxxxxxx> =====
>True it's promising that he wants to "spend its way out of a four-year
>recession." So did Lula in Brazil. However, one of the first measures
>was to increase the target primary surplus to 4.5%, in order to get US$
>9 billion. Balance of payments constraints are also binding in
>Argentina. But one can hope I suppose.
>Matias
>

As for both Lula and the new Argentinian president to be:

"Conventional wisdom suggests it is better for reputation to fail
conventionally than to succeed unconventionally"-- Keynes

"It is easy to suggest radical policy changes when you are out-of-power and
there is little chance of them being implemented. Does the suituation change
when you are in the corridors of power?" -- Davidson

Paul

Paul Davidson
Editor, Journal of Post Keynesian Economics
University of Tennessee
SMC 503
Knoxville, Tennessee 37996-0550
office phone #;(865)974-4221; office fax# (865)974-1686 or (865)974-4601
home phone and fax # (865)692-0802
email pdavidson@xxxxxxx
http://econ.bus.utk.edu/davidsonextra/Davidson.html