Publicado el 08/08/2014  Dickson Buchanan, Jr.   , , , ,

Argentina’s Default: A Devastating Lesson in Unfunded Government Liabilities

Argentina’s Default: A Devastating Lesson in Unfunded Government Liabilities

Argentina’s central planners have pursued a slew of defunct monetary policies of the Keynesian, Monetarist and Mercantilist variety. Repeated default is the fruit of that labor.