The lessons of the 1930s and 1980s for Latin America

The second slump was in the 1980s, when a string of countries defaulted on their foreign debts after international interest rates soared. (När Volcker höjde räntan för att  besegra inflationen.)

 Dictatorships, which had prevailed in the region, yielded to elected democratic governments in eight countries between 1982 and 1989.

 The Economist 27 July 2020

Volcker startade sedelpressarna, inte Greenspan.



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