Economic Policy
Videla largely left economic policies in the hands of Minister José Alfredo MartÃnez de Hoz, who adopted a free trade and deregulatory economic policy. During his tenure, the foreign debt increased fourfold, and disparities between the upper and lower classes became much more pronounced, ending in a tenfold devaluation and one of the worst financial crisis in Argentine history.
Read more about this topic: Jorge Rafael Videla
Famous quotes containing the words economic and/or policy:
“Motherhood is the second oldest profession in the world. It never questions age, height, religious preference, health, political affiliation, citizenship, morality, ethnic background, marital status, economic level, convenience, or previous experience.”
—Erma Bombeck (20th century)
“We legislate against forestalling and monopoly; we would have a common granary for the poor; but the selfishness which hoards the corn for high prices, is the preventative of famine; and the law of self-preservation is surer policy than any legislation can be.”
—Ralph Waldo Emerson (1803–1882)