Pinochet and the recommendations of Friedman Free to Choose By now the news of the death of Augusto Pinochet traveled the world. is the comment of all means of communication, bloggers included. As statistics show top searches and graphics of
Technocrati.
I walk away from the media -Because of love and hate is full of web-to approach to economic analysis and tell you a fact that looked after the 31 years that have passed I find interesting.
For this, I share with you the complete text of the historic letter he sent Milton Friedman to Pinochet on April 21, 1975, after visiting for a week to Chile. She appears, certainly in English on the memoirs of Milton and Rose Friedman entitled "Two Lucky People." While I got my e-mail, I find the blog Marta is also on this site .
After reading that letter will agree with me that some recommendations made by Friedman are worthy of rescue, as they reflect like a mirror the way that is touring the Chilean economy today:
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"The cause of inflation in Chile is very clear: public expenditure. Chile, should reduce the fiscal deficit." fiscal surplus. -
"Stop, in the case of persons to be employed, the current law that prevents the firing of workers. This law creates unemployment. Labor Flexibility. -
"Liberalization of international trade to provide effective competition for Chilean companies and increase the welfare of ordinary Chileans. Free Trade Agreements. -
"But to seize this opportunity, Chile must first overcome a very difficult period of transition." Democracy.