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<title>Ian Vásquez (Author at The Cato Institute)</title>
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<managingEditor>amast@cato.org (Andrew Mast)</managingEditor>
<description>
The Cato Institute seeks to broaden the parameters of public policy debate to allow consideration of the traditional American principles of limited government, individual liberty, free markets and peace. Toward that goal, the Institute strives to achieve greater involvement of the intelligent, concerned lay public in questions of policy and the proper role of government.
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				<title>Ian Vásquez (Cato Institute)</title>
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				<description>Ian Vásquez</description>
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			<title>Cato Scholar Comments on Argentina Possibly Nationalizing Its Pension Fund (Scholar Comments)</title>
			<link>http://www.cato.org/pressroom.php?display=ncomments&amp;id=155#blurb170</link>
			<description><![CDATA[The Kirchner regime's proposed confiscation of private retirement funds constitutes large-scale government theft at time when irresponsible government policies have increased the probability of another Argentine default. It is the logic of populism to go after the productive sectors of the economy, either through outright nationalization or punitive taxation, as state spending skyrockets and revenues don't keep up. The move does not increase the safety of such funds since those are long-term, diversified investments whose performance must be measured over the life of the fund and not just during days of market turbulence. Placing retirement funds in the hands of a government with a proven record of fiscal recklessness does not increase confidence. Instead, the move will negatively affect capital markets in Argentina, reduce the willingness of lenders to provide credit to the country, and impose a huge future pension burden on the government of Argentina.]]></description>
			<pubDate>Tue, 21 Oct 2008 00:00:00 EDT</pubDate>
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			id=155#blurb170</guid>
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