University of Santiago, Chile University of Santiago, Chile The University of Santiago, Chile (Usach) () is one of the oldest public universities in Chile. The institution was born as "Escuela de Artes y Oficios" (Spanish "School of Arts and Crafts") in 1849, under the government of Manuel Bulnes. It became "Universidad Técnica del Estado" (Spanish "Technical University of the State") in 1947, with various campuses throughout the country. In 1981, as a consequence of a reform on higher education under the dictatorship of Augusto Pinochet, it became what is now known as "Universidad de Santiago de Chile", with all activities centered in a single
Miracle of Chile and that, during his visit to Chile, he even stated that following his economic liberalization advice would help bring political freedom and the downfall of the regime. Commenting on his statement about the "Miracle", Friedman says that "the emphasis of that talk was that free markets would undermine political centralization and political control." Friedman stated that "The real miracle in Chile was not that those economic reforms worked so well, but because that's what Adam Smith said they would do. Chile is by all odds the best economic success story in Latin America today. The real miracle is that a