February 4, 2013

ENDGAME: Argentina Freezes Supermarket Prices To Halt Soaring Inflation; Chaos To Follow. “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.”

This never works, but ignorant or dishonest politicians always try it. Luckily, nothing like this could happen here.