Thursday, September 18, 2008

Feed the Wealthy

Jesus, I learn something every day! From a Newsweek interview with Mark Weisbrot of the Center for Economic and Policy Research:
I was in Bolivia a couple months ago and I met with the Central Bank and the ministries. The government has $ 7 billion in reserves right now in the Central Bank, which is an awful lot [considering] their whole GDP is only $13.2 billion. Most of it is owned by the prefectures, the provinces, so they have a lot of money. So it is hard to explain why they would raise such a fuss over the government wanting to take a small part of that and use it for some pensions for people over 60, which also goes to their own residents.

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