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  • The reason is that Chile is the brightest spot in Latin America. It has very fast growth, low unemployment. It privatized its Social Security system, which we in USA were unable to do.

    Allan H. Meltzer
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    "Economist Milton Friedman Dies". "Talk of the Nation" with Neal Conan, www.npr.org. November 16, 2006.
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The reason is that Chile is the brightest spot in Latin America. It has very fast growth, low unemployment. It privatized its Social Security system, which we in USA were unable to do. - Allan H. Meltzer
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