It worked and faith was restored in the government’s ability to prop up the economy and the banks and stock market benefited as people once again had money to save and invest. But it took an act of faith by the government and the people that deficit spending will eventually prevail. The dollar was no longer backed by gold, but rather, a promise from the Federal Reserve. We still live with this economic by-product with federal deficits, but so what? We retain that better way of life as a result.

So what am I saying as it relates to your country, El Presidente? Why not do the same thing; invest in your people. Put them to work for a decent wage while they rebuild the country’s roadways, bridges, dams, or whatever has been neglected for eons. Print the pesos needed without devaluing the currency. Offer work to whoever is able and get the country back on the right track. With higher employment and wages comes more investment because you will give banks low-interest money they can pass on in the form of car loans and mortgages to the people who need them. The banks will prosper, home building will benefit, and new businesses will pop up everywhere. Then, allow more foreigners the chance to set up shop and buy property by dropping the lousy nationalization policy that never worked or served any purpose. There would then be no impediment to outside companies from investing in Mexico as a long-term business partner and encourage free-enterprise expansion. Mexicans would be paid higher wages, pay more in taxes and the government would recoup it’s initial investment. The past corruption of state officials would be eliminated as they too would now also be making more money.