tag:blogger.com,1999:blog-2761684730989137546.post4313964152730571246..comments2024-03-28T07:50:06.102-04:00Comments on Mike Norman Economics: Mexico Raises Ratesmike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-2761684730989137546.post-13494686240872706362017-02-10T17:09:03.749-05:002017-02-10T17:09:03.749-05:00President Nieto privatized the Mexican oil company...President Nieto privatized the Mexican oil company Pemex,which pretty much had a monopoly in 2016.<br /><br />The usual neoliberal arguments of more competition leads to more efficient operations and lower prices etc., were trotted out.<br /><br />After a politically imposed period of mourning the Mexican people are now starting to be treated to the benefit of the free market.<br /><br /><br /><br />Anonymoushttps://www.blogger.com/profile/11462699745242698272noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-28201548137880511352017-02-10T15:06:36.917-05:002017-02-10T15:06:36.917-05:00I believe they were previously subsidized prices t...I believe they were previously subsidized prices to Mexicans in MXN ... maybe still are but less the 20%....<br /><br />So now this is creating "inflation!" so they think they should raise rates to quell the "inflation!"....<br /><br />Textbook Monetarist playbook 101...Matt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-25340196182754020942017-02-10T14:28:27.873-05:002017-02-10T14:28:27.873-05:00Why did they raise gas prices? Any other reason f...Why did they raise gas prices? Any other reason for inflation?Andrewhttps://www.blogger.com/profile/16117038742077458192noreply@blogger.com