This is John Batchelor, conversation with my colleague Marianne Estesio Grady, the America's editor at the

Wals to the Walschaternal Editorial page, traveling to Brazil and onto the Tri-Border region,

Paraguay, Brazil, and Argentina, observing the

criminality that is commonplace because of smuggling and the tariffs and the

imbalance between the countries and the police learning to look the other way

because Mary explains that most people want to be legal and what it would take in order to remove the opportunities for black marketeering, the

tribe order region, is a progressive precedent, someone not unlike Javier Malay in Brasilia, is married to explain.

More of this later on the Triborder region, the Black Market, and what is to be done.

Thank you. No, no, I mean Lula, Lula is a socialist president and he wouldn't do something like that.

I mean, I think you would need a president,

you know, the president of Malay here in Argentina

says that he's a libertarian, he's a reformer,

and he intends to open markets.

You need a president with that kind of vision

and then with the power to actually do what,

you know, Malay is running into some problems with Congress.

So he's, you know know he can't just wave his arm and do it but

you need somebody who has that as who understands the value in doing that and how

Brazil in the end would collect more taxes and more

duties if it brought it down to a level where people felt it was reasonable because I think the experience of most economists

is that most people want to be legal, but if you make it very hard for them to be legal they'll go into the

black market so in any country the idea is to try to make taxes and regulation light

...