"Other incumbents..succeeded..because they took steps beyond..interest rates to tackle inflation and..they clearly communicated to their publics what they were doing to keep prices down...Mexico and Spain embraced bold measures, including price controls, subsidies, and both tax cuts and tax hikes."
Reposted from
Isabella M. Weber
There was an alternative to landing on the graveyard of incumbent governments in the wake of inflation. Mexico and Spain have demonstrated to the world how stabilizing the prices of essentials can pay back - economically and politically.
My first @foreignaffairs.bsky.social
My first @foreignaffairs.bsky.social
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