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But if such stress on fiscal responsibility on the part of the government was beginning to sound reminiscent of introductory economic textbooks in the United States, she assured me I was mistaken. “We don’t see macroeconomic stability as an end in itself. We don’t believe in the maintenance of stability at any cost. Rather, we think of it as a medium through which we can achieve all the rest of the policies of the government. We can achieve these policies without distorting the economy. Starting from this vision, the Morales government has been able to achieve an extraordinary level of macroeconomic stability since it assumed office, indeed stability without precedence in the country.” She paused for emphasis. “Every year we’ve run budget surpluses, we’ve accumulated substantial international reserves, and inflation has been controlled at every moment, apart from a brief deviation from this trend.”