https://insidecostarica.com/2013/02/18/dollar-hits-the-bottom-of-the-exchange-rate-floor/ Costa Rica's Leading English Language News Source Tue, 28 Oct 2025 04:55:00 +0000 hourly 1 http://wordpress.org/?v=3.6.2 https://insidecostarica.com/2013/02/18/dollar-hits-the-bottom-of-the-exchange-rate-floor/#comment-3402 Sam Rivera Mon, 18 Feb 2013 23:18:40 +0000 http://insidecostarica.com/?p=6088#comment-3402 Costa Rica’s social programs are one of the reasons why it has been the most successful nation in the region. In recent years the social programs have suffered considerably due to government corruption and to further cut them would solve nothing. “Austerity” does not work and a nation should focus on its people first and foremost.

]]> https://insidecostarica.com/2013/02/18/dollar-hits-the-bottom-of-the-exchange-rate-floor/#comment-3401 Anonymous Mon, 18 Feb 2013 19:48:37 +0000 http://insidecostarica.com/?p=6088#comment-3401 this is crap. just google M1 dollar money supply. it has doubled in 2 freaking years. you will see why the colone is having trouble staying as weak as the dollar. that is because bernanke and odumbo have destroyed more wealth than any other pair of bozos in history. blame it on on investors? put away the crack pipe. blame it on the printers and the social debt spenders. if costa rica does not want to go down the drain like europe and the usa it needs to let the colones strengthen and cut their social spending, tax the rich bologna and start working on creating actual wealth instead of gimmicks like tourism and social programs. start with firing half the public employees. screw the expats. the poor here in costa rica are getting screwed because the colone does not buy crap at pali anymore and the public employees get raises to cover the inflation. note I say inflation, not cpi inflation which is meaningless. quit printing money, quit paying people to stay poor with social programs. http://research.stlouisfed.org/fred2/series/M1SL
the link shows the problem in technicolor.

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