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Новости за 21.12.2024

Printing Money for Reparations: A Dangerous Path for Colombia

Library of Economics and Liberty 

The recent proposal by Colombian President Gustavo Petro to print money to finance reparations for the victims of the armed conflict has raised significant concerns. Amid the populist rhetoric of the president, who emphasizes settling a “deep social and historical debt,” this approach is leading Colombia down a dangerous economic path. One only needs to look at the consequences of such monetary policies in neighboring countries like Venezuela and Argentina, where uncontrolled money printing has... Читать дальше...