Inflation has been a powerful and destructive economic phenomenon in today's economy. It has caused appalling effects in growth and development in all countries that have endured it. Hugo Maul talks about the evolution of the economic history of Guatemala, and explains how inflation played an important part in the development. He describes the negative relationship between government and the central bank.
In the midst of possible changes to the Political Constitution of the Republic of Guatemala, both Hugo Maul and José Raúl González, elaborate on the significance of the controls and restrictions previously established in the legal context. González also talks about several of the most common ways in which governments camouflage inflation with deficit and different taxes. On the same line, Jerry L. Jordan speaks about the teachings of Milton Friedman in regards to this problem and stresses the need of having clear information systems for a country’s economy.
Nuestra misión es la enseñanza y difusión de los principios éticos, jurídicos y económicos de una sociedad de personas libres y responsables.
Universidad Francisco Marroquín