Too bad politicians can't be jailed for malpractice
"Argentina Freezes Supermarket Prices To Halt Soaring Inflation; Chaos To Follow" (Zerohedge via Instapundit):
Up until now, Argentina’s descent into a hyperinflationary basket case, with a crashing currency and loss of outside funding was relatively moderate and controlled. All this is about to change. Today, in a futile attempt to halt inflation, the government of Cristina Kirchner announced a two-month price freeze on supermarket products.The consequences of heavy handed market interventions are predictable and avoidable. To brush what will be the brutal effects away of these desperate acts of a failed ideology as 'unintended consequences' should be criminal.
Update: Zerohedge on Argentina's Financial Collapse, asking "How was it possible that in so rich a country so many people were hungry?"
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