This week’s Tiempo Político has an interesting article by Humberto Vacaflor (“Una inflación pecaminosa [An obscene inflation]”).1 In it, Vacaflor compares the similarities & differences of the creeping Bolivian inflation—and the Morales government’s handling of it—to the (hyper) inflation of the Siles Zuazo UDP government (1982-1985). In his analysis, the over-cultivation of coca is in large measure to blame. It’s certainly an interesting (if not perfect nor fleshed out) argument.
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1 Tiempo Político is a weekly supplement published by La Razón (La Paz) & edited by Carlos Toranzo, director of Instituto Latinoamericano de Investigaciones Sociales (ILDIS) in Bolivia. ILDIS is supported by Friedrich Ebert Stiftung (FES), a foundation tied to Germany’s Social Democratic Party (SPD).
