Word: austerocrats
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...consulting firm of Klein & Saks (TIME, May 7, 1956). This year, as signs of success multiplied, the program took a terrible blow: the price of copper-source of 30% of all government revenues-fell 35%. New pleas to ease the belt-tightening program poured in, but crusty old (80) Austerocrat Ibanez held firm. Said he: "I am a man without a future. But we need to keep this policy. This policy will stop inflation and save the country...
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