More on Chilean Fiscal Prudence

The WSJ devotes front-page space to Chile’s success in saving for a rainy day during the boom times: you can read it here.

3 replies on “More on Chilean Fiscal Prudence”

One can’t help but marvel at them. A very ‘Collieresque’ attitude towards commodity revenues.

Philip, this is an excellent article and should be required reading for our government. With their key strategic industries in tact (eg copper) and virtually no debt they are posied for growth when a recovery happens. As Ireland appears to have no strategic industry of our own and a totally unsustainable and out of control public debt how can we ever recover?

What was it our excellent Minister for Finance used to say: When I’ve got it I spend it, when I don’t have it . . .

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