"Chile still basks in the afterglow of the free-market reforms put in place by the Chicago Boys. Chile's neighbor, Argentina, the world's biggest deadbeat, struggles under the weight of a mountain of debt."
Evaluating the free market by comparing it to the alternatives (We don't need more regulations, We don't need more price controls, No Socialism in the courtroom, Hey, White House, leave us all alone)
"Chile still basks in the afterglow of the free-market reforms put in place by the Chicago Boys. Chile's neighbor, Argentina, the world's biggest deadbeat, struggles under the weight of a mountain of debt."
"I haven't studied it in detail, but from what I have seen, the natural experiment that Buenos Aires ran over the past six years seems like yet more clear evidence that rent control limits supply and (ironically) raises rents."