Cheers for Chile

COTTonLINE keeps an eye on happenings in Central and South America, which regions share the hemisphere with us Norte Americanos. Here is a brief story in Investor's Business Daily posting some very good news for Chile. The opening paragraph sums up that good news:

Chile will join the Organization for Economic Co-operation and Development later this month, the rich-nation club's president said Wednesday. It is one hell of a proud moment for Chile.

The Chileans are serious free-traders and capitalists, and their government spending is under control as well. Credit for initiating these policies in the 1970s and 1980s goes to a group of young Chilean economists trained under Milton Friedman at the University of Chicago.