/liberty/ - Liberty

>>69045

>eventual, gradual alleviation of the economy

*with another crash in the middle

>>69045

Initially Pinochet tried to centrally plan the economy himself for a few years. He failed and started looking for advice from the people opposite of those that ruined the nation. In time deregulation and privatization did their job. The team from Chicago did more good than harm as opposed to any Leftist. The "Crash in the middle" could very well be a mixed result of lingering Leftist policies and his own failures, added that the Chicago school does practice some Keynesian theory which is faulty to say the least.

>>69045

> Libertarians say it was because of Allende's policies catching up

What kind of policies Allende implemented within 3 years that it took over twelve years of "catching up"?

>>69051

> Initially Pinochet tried to centrally plan the economy himself for a few years.

Bullshit.

>>69060

>What kind of policies Allende implemented within 3 years that it took over twelve years of "catching up"?

Are you completely new to the whole "economic cycles" thing and long term effects of policies in general? Or Economics at all.

From 18:34 "He tried to manage the economy the way it had been managed in the last 50 years…"

>>69068

>Pragmatic economists had to socialize the two biggest Chilean banks

>The pragmatic economic policy after the crises of 1982 is appreciated for bringing constant economic growth.[129] It is questionable whether the radical reforms of the Chicago boys contributed to the past 1983 growth.

I wonder who could be behind that opinion

>http://econ.qmul.ac.uk/staff/josemiguelalbalabertrand.html

Oh shit, it's a Keynesian sympathizer with a boner for Chinese Keynesian policy! Who could expect that? And on Wikipedia of all places!

>According to Ricardo French-Davis the unnecessary radicalism of the shock therapy in the 1970s caused mass unemployment, purchasing power losses, extreme inequalities in the distribution of income and severe socio-economic damage

>unnecessary radicalism

It's a good laugh.

>>69086

I don't get what are you saying. Is it wrong because of the source? Did he say a SINGLE thing which is false or do you just want some other source?

>>69094

I'm saying that the source is biased to the absolute maximum and that the only way you'll get a proper answer from your own judgment on the research of experts on Economics and Chilean history, which you will not find on this board.

I'd have to go all the way and read the book Bertrand wrote to really debunk anything, but then again, the Wikpedia article doesn't have any proof for those opinions anyway, so no sweat off my back.

At least my job is not completely dependent on the fact whether it was the Keynesian monetary regulation that brought them success. Neoliberalism is not the only thing that should be in quotes from that link.

>>69095

only way you'll get a proper answer is*

>>69096

>>69095

Ok thanks