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The Macroeconomics of Populism in Latin America (A National Bureau of Economic Research Conference Report) Genesis Press Author/Artist:Richie Prospal|Christy Lane

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Author/Artist:Richie Prospal|Christy Lane

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The Macroeconomics of Populism in Latin America (A National Bureau of Economic Research Conference Report) Genesis Press Author/Artist:Richie Prospal|Christy LaneAgain and again, Latin America has seen the populist scenario played to an unfortunate end. Upon gaining power, populist governments attempt to revive the economy through massive spending. After an initial recovery, inflation reemerges and the government responds with wage an price controls. Shortages, overvaluation, burgeoning deficits, and capital flight soon precipitate economic crisis, with a subsequent collapse of the populist regime. The lessons

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