http://online.wsj.com/article/SB10001424052702303459004577362143418356560.html?mod=googlenews_wsj
Recently...President Cristina Fernandez has relied on a former 40-year old professor for national economics strategy.
Deputy EconMin Axel Kicillof is now widely credited for advocating the controversial nationalization of Repsol's YPF subsidiary.
Kicillof is a true believer in the John Maynard Keynes' school of government intervention... and has risen quickly to become Cristina's most influential adviser.
"When there's a crisis, the worst thing that can be done is to say the state is the problem. The state is the solution. When there is recession and economic crisis, the state becomes a key actor to revitalize demand and investment," he told the Argentine Senate.
Popular Posts
- SERBIA / LIBYA : Are Serbian Mercenary Pilots Bombing Protestors In Tripoli?
- PUERTO RICO: The Enigma of Tourism.
- BRASIL: Judge Stops Critical S. Paulo Airport Expansion Over Improper Bids.
- URUGUAY:Defeats So.Korea 2-1; In Q-Finals For 1st Time in 40 Years.
- MEXICO: C.Bank Bought...90 Tons Of Gold...In Past 3 Months.
- ECUADOR: Judge Orders Jail For 3 Media Executives, Columnist...In Correa Libel Case.
- ROMANIA: After Court Overturns Austerity Measures, Huge VAT Increase Proposed To Protect IMF Aid.
- MEXICO: Little Hope Remains For 9 Coal Miners After Explosion Kills 5; Billionaire Carlos Slim Slammed By Court.
- ARGENTINA: MaradonaTo Continue As Soccer Coach.
- MEXICO: Narcos "Force Down" Police Helicopter In Michoacan.
