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To: Ilaine who wrote (18728)	5/5/2002 8:19:07 PM
From: Box-By-The-Riviera™	Respond to of 74559

you missed item number four: a composite of graft, greed, waste and corruption. hence 1, 2, 3 are besides the point. and that's what you have now elsewhere. you are dangerously formulaic. speaking formula myself, I have formula intolerance. if you'd just get in the mud pit with me and wrestle a bit, i'm sure you would grow, at least as a mud spore.

To: Ilaine who wrote (18728)	5/6/2002 3:53:16 AM
From: smolejv@gmx.net	Read Replies (1) \| Respond to of 74559

were it so easy, CB, I'd buy you a bunch of roses and we would go eat cajun. In any case, I dont get number 1 on your list - could I interpret that as "retain the political overhand on the economy", or even simpler "understand/keep the national economy as an inherent part of the state sovereignity". >>But, they tried to have all three, anyway, because who cares about a bunch of economists, what do they know?<< It was probably more complicated than what I'll quote off my head, but... anyway: by pegging to dollar and allowing the capital (money market funds etc etc) to move in and out, the effect was simply, that the playground for this money got a little bigger, with a nice bonus attached - Argentinian government as a (quasi) sovereign, having right to issues state bonds -. And when the weather changed a little (interest-rate wise), the locusts just disappeared. EDIT: so...where's my economic sovereignity, if I let points 2 and 3 play? IOW, are your points 2 and 3 not subordinate to #1. Corollary: to achieve and keep #1, you either have to play 1 against 2, or get around the problem by other means - like carrying a larg stick -. What did Argentina do wrong? Dont ask me, I dont want to make a stupid impression. But the example of Malaysia two three years ago comes to my mind, where (among other things) they made the borders less permeable to capital, let Ringit float (if I remember right) and then everybody was telling the world the sky is falling down over KL ("they dont have a clue"). It seems, however, they did a thing or two right. Must haven been some Hakka brains in the background (g). dj