Cardenas — Horacio

Enter – an economist armed with a chainsaw (figuratively) and a bold plan.

The man who stopped Bolivia’s hyperinflation (25,000% → 10% in months) believed in discipline over demagoguery. horacio cardenas

A legacy of tough choices. 🇧🇴📊

In 1985, Bolivia’s inflation rate hit . Shelves were empty. The currency was worthless. Enter – an economist armed with a chainsaw

As Minister of Finance, he implemented Decree 21060, which: ✂️ Slashed government spending 🏦 Stopped printing money 💵 Pegged the peso to the dollar 📈 Opened the economy to free markets he implemented Decree 21060

👉 Would you have supported his drastic measures to save an economy?

Cárdenas proved that shock therapy, though painful, could work when political will meets technical rigor.