When shrewd, peppery President Gabriel Gonzalez Videla made up his mind last month that Chile must devalue the peso, he knew he would have to blitz his country into going along with him. He promptly set out on a fire-eating tour of the country, in which he made faces at all his political enemies—and scarcely mentioned the peso.
He dedicated buildings, inaugurated cattle shows, addressed miners' rallies. Wherever he went he told his audiences that the atmosphere in Santiago was enough to choke him, that he had fled to the provinces to collect support against the vile politicos plotting his...