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Chas wrote: 
 
"Argentina's government ran up a huge foreign debt, much of it denominated 
in dollars no less, as a means of financing its fiscal pump-priming and 
destroyed its economy as a result." 
 
Fiscal pump-priming? When Mr. Cavallo (Harvard tie) tried two weeks ago to 
put in motion a zero deficit policy ONCE MORE in Buenos Aires, following 
the IMF, in the rest of the country the governors were too busy printing 
quite a bunch of fancy money, even in the province of Buenos Aires (the 
patacon). When he (Cavallo) reminded the governors that the only legal 
currencies in Argentina were the peso and the US dollar, they showed him 
how mistaken he was. He is now unemployed, without the possibility of 
leaving the country. 
 
Ariel Viale 
 
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