Tuesday, July 16, 2002

No, really, capitalism is working [NYT]
Since the start of the economic collapse in December, the Argentine economy has shrunk by more than 16 percent, and more than half the country's 37 million people are now living in poverty. In an effort to speed up an accord with the I.M.F., which would reopen other lines of credit, the government here recently agreed to work with a so-called "council of wise men" designated by the fund.
A little background, from LBO.

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