Certainly not the way current Bolivian government is doing, if you don’t believe, just take a look at these: This cartoon is from El Diario (11/09/11). Two of the most powerful and yet visible for now political leaders of the MAS, are engaged in a conversation: “…We have allowed entry of 100 thousand vehicles to the country..!…
Tag: inflation
How to keep inflation under control, Econ 101
This cartoon is from today’s El Diario. Current Economics Bolivian minister is walking inside a supermarket and prices around him show the before and after changes! He is saying: “…it just take someone from the government to pronounce that little word starting with G… and they rise all without control..!…” The G word is for…
Governmental inflation estimate, falls short for 2011
El Deber’s website reported last night about current Bolivian government falling short on their inflation estimates. By the end of the year, the government was expecting a 6% annual inflation rate. Which was adjusted earlier this year, with an incredible 50% increase, yes that is right, 50% increase following the aftermath of the “gasolinazo” (government generated chaos by trying to…
Economic subsidies and/or nation’s survival?
Bolivia has to understand whether subsidies are good for our economy and development over the long run. If we engage in populist /easy-going economic policies such as subsidies in the form of low gasoline prices for example and bonuses paid to specific clusters (i.e. bonus to children from public schools only; bonus to the elderly, regardless their…
Bolivian 2012 salary increases?
Salary increases in Bolivia have a long history of strikes, blockades and it is more or less customary to start this predicament every years around October. By the end of the first semester of the new year, the government sets percentages (politically driven or as a result of union’s and social pressure) and pushes private sector to meet those…
Bolivian inflation figures, as of Sep 2011
The Bolivian Foreign Commerce Institute (IBCE) has released its biweekly electronic bulletin Nº 71 – Bolivia, October 20, 2011. Inflation figures follows: Data is for 2011, January – September; percentage variation: monthly, cumulative and last 12 months. Source Bolivian Central Bank; chart made by IBCE; (p) preliminary data. This cartoon is from El Diario (Oct 17, 2011)….
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