Tuesday, April 26, 2011

Inflation in Argentina

EXCERPTS:

"Her policies are generating an annual inflation rate that private-sector economists estimate at around 25%-30%. The government's antibusiness bias and judicial insecurity have damaged investment flows, and energy shortages are growing.

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"... at the end of February the Argentine money supply was up 28.6% year over year. And in recent months independent analysts who put out inflation numbers that do not agree with the government estimate (now around 10%) have been fined. For students of Argentina's past, this picture of inflation, repression and state control of the economy is all too familiar.