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News Link • Emmigration

Doug Casey on Why He Lives in Uruguay

• By Doug Casey

Most people don't know much about the country. So when Casey Daily Dispatch editor Justin Spittler visited Doug at his Uruguayan ranch, he decided to get the scoop…

Justin: So, Doug. Why Uruguay?

Doug: Well, Uruguay used to be known as the "Switzerland of South America." It once had the most free-market banking and financial infrastructures, and excellent privacy. It was once very desirable from that point of view. All the Latin Americans used it as a tax haven and a money refuge. It still clings to remnants of that reputation.

Uruguay is also a small country. It is about the size of Missouri. Its population is around 3.5 million people. Small is good, especially when the financial industry is a big part of the local economy. To me, small is attractive…

It's quiet and backward. When I first visited in 1980, I thought I was stepping back into the 1930s—I kid you not.

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