Cárdenas proved that shock therapy, though painful, could work when political will meets technical rigor.
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As Minister of Finance, he implemented Decree 21060, which: ✂️ Slashed government spending 🏦 Stopped printing money 💵 Pegged the peso to the dollar 📈 Opened the economy to free markets horacio cardenas
#HoracioCardenas #Economics #Bolivia #FreeMarkets #Inflation #EconomicHistory
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The result? Inflation dropped to single digits in . Bolivia went from crisis to stability – a case study still taught in economics today.
💬 "Inflation is the cruelest tax. It falls hardest on those who can least afford it." — Horacio Cárdenas Cárdenas proved that shock therapy, though painful, could
Would you take the chainsaw to spending to save a country? 💰✂️