Sunday, March 3, 2013

ParaPundit: Argentina: Nothing Has Been Learned

ParaPundit: Argentina: Nothing Has Been Learned

The Economist succinctly and humorously captures their take on the Kirchner government deceit and violation of free speech with an article titled Don’t lie to me, Argentina

In an extraordinary abuse of power by a democratic government, independent economists have been forced to stop publishing their own estimates of inflation by fines and threats of prosecution. Misreported prices have cheated holders of inflation-linked bonds out of billions of dollars.

It is even more interesting to read the comments.

Managing perceptions does not work in Argentina.  It probably won't work in America much longer because the US Dollar will lose its reserve currency status.  It isn't a matter of if, but when.



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