The country with the Western Hemisphere's worst addiction to inflation last week took the pledge and swore off abruptly. Bolivia launched a determined attempt to force its currency, lately worth around 10,000 bolivianos to the dollar, back up toward its 1951 value of 200. The tools to be used: a drastic stripping-away of artificial economic controls, and a $25 million stabilization loan.* The boliviano's inflation is not yet a classic like the German mark after World War I, when prices multiplied 1.2 trillion times. But in recent months the boliviano has been clearly and dramatically on the skids. Since...
BOLIVIA: Toward a Free Economy
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