The Chicago Boys' Version of 400% Inflation When the Tariff Is Reduced to Zero, the Economy Will Find Its Way Dr. Mohammad Reza Farhadipour on the Akhetaznews Roundtable: Chileans Voted for "Salvador Allende" in the 1970 Election. Allende implemented his desired policies for three years and brought Chile's inflation to 400%; As the welfare of society in Chile declined, society began to protest. Pinochet, a close friend and military deputy of Allende, concluded that this system was unresponsive and 400% inflation would destroy the economy. Pinochet carried out a coup and implemented different economic policies in 10 years. Chilean economists (the Chicago boys) concluded that the way to enter the international economy was to reduce tariffs. When the tariff is reduced to zero, the economy will find its way in any regime, whether dictatorial, authoritarian or democratic. Establishing international relations from an economic perspective saved Chile's economy from isolation Conversation details To see the full video of this discussion, see the Actanews YouTube channel and Instagram website.

The Chicago Boys' Version of 400% Inflation When the Tariff Is Reduced to Zero, the Economy Will Find Its Way Dr. Mohammad Reza Farhadipour on the Akhetaznews Roundtable: Chileans Voted for "Salvador Allende" in the 1970 Election. Allende implemented his desired policies for three years and brought Chile's inflation to 400%; As the welfare of society in Chile declined, society began to protest. Pinochet, a close friend and military deputy of Allende, concluded that this system was unresponsive and 400% inflation would destroy the economy. Pinochet carried out a coup and implemented different economic policies in 10 years. Chilean economists (the Chicago boys) concluded that the way to enter the international economy was to reduce tariffs. When the tariff is reduced to zero, the economy will find its way in any regime, whether dictatorial, authoritarian or democratic. Establishing international relations from an economic perspective saved Chile's economy from isolation Conversation details To see the full video of this discussion, see the Actanews YouTube channel and Instagram website.