A very well known Harvard professor holding a high government position some years ago spoke at the annual conference of a Chilean Business group on the state of the economy. He was paid $20,000 to give two lectures... In his first lecture he suggested that the Chilean government could issue inflation-adjusted bonds. In Chile, most transactions were in UF, an index for inflation adjustment introduced in the 1960s!
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1 comment:
yep, better if Harvard pays US20.000 to Chilean economists for a talk...
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