👉 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.
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 horacio cardenas
Would you take the chainsaw to spending to save a country? 💰✂️
The result? Inflation dropped to single digits in . Bolivia went from crisis to stability – a case study still taught in economics today. 👉 Would you have supported his drastic measures
Horacio Cárdenas walked into an economy with 25,000% inflation… and walked out a hero. 🇧🇴📉
The man who stopped Bolivia’s hyperinflation (25,000% → 10% in months) believed in discipline over demagoguery. 💰✂️ The result
His 1985 shock therapy tamed hyperinflation in months, not years. A masterclass in bold economic reform.