Jan 14, 2010

Como dice De Pablo

Si la solución a los problemas económicos pasara por imprimir billetes, Argentina hace décadas que no tendría ninguno.

CBP, ahora que está tan de moda utilizar el keynesianismo para justificar cualquier disparate:

Printing money can never create growth. The only way an economy can grow at a rate faster than its population growth is if it can utilize existing resources in a more productive fashion; if it can produce more from a given amount of labor, capital, and resources. Gains in productivity, in turn, only result from great effort: from investment, from risk-taking, from saving, and from working harder and smarter. In an inflationary environment brought on by easy money, people tend to favor speculative activities (e.g. investments that pay off if prices rise, such as commodity speculation and real estate purchases) over productive activities (e.g., new plant and equipment, worker training, computers, infrastructure). In the extreme—something I learned from the years I lived and worked in Argentina in the late 1970s—an inflationary environment makes planning and productive investment virtually impossible. Everything becomes reduced to price speculation and survival. Look at the record of any country that has experienced high and rising inflation and you will find very little, if any, real growth.

2 comments:

  1. Más claro, echale lavandina.

    ReplyDelete
  2. Hay que seguir insistiendo porque en algún momento seguro que sale bien.

    ReplyDelete

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