11 Jul '13, 5pm

Video Game Central Banker Knows More Than Ben Bernanke, And Bitcoin Dreamers Too: This morning, I was reading

Video Game Central Banker Knows More Than Ben Bernanke, And Bitcoin Dreamers Too: This morning, I was reading

“From a technical standpoint, this experiment in public choice economics is simple. The goal is to get President Zedillo to say the following words: ‘the Mexican central bank will cease creating pesos until the peso returns to 3.5 [pesos per dollar]. The pesos earned through Mexico’s fiscal surplus will be removed from circulation, making pesos scarce. The government undertakes to borrow through dollar-indexed instruments, at any interest rate, the sum of $5 billion per week until the goal is reached. To speed this process, Mexico will use half of its $18 billion international line of credit to buy pesos in the first week.”

Full article: http://www.forbes.com/sites/nathanlewis/2013/07/11/video-...

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