Politicians are often accused of promising what cannot be delivered. In Argentina, economists sold politicians on two dreams that could not be fulfilled. Their failure plunged the country into its deepest political and financial crisis in decades. President Fernando de la Rúa was brought down by riots that left 29 dead. Citizens, facing unpaid salaries, frozen bank accounts and unemployment of 20%, are suffering the consequences of two grand economic illusions.
Politicians are often accused of promising what cannot be delivered. In Argentina, economists sold politicians on two dreams that could not be fulfilled. Their failure plunged the country into its deepest political and financial crisis in decades. President Fernando de la Rúa was brought down by riots that left 29 dead. Citizens, facing unpaid salaries, frozen bank accounts and unemployment of 20%, are suffering the consequences of two grand economic illusions.