Gravitational constant of the universe...inflation...a mere snap of the fingers.
Posted on 02/04/2013 12:26:40 PM PST by LucianOfSamasota
BUENOS AIRES, Argentina (AP) — Argentina announced a two-month price freeze on supermarket products Monday in an effort to break spiraling inflation.
The price freeze applies to every product in all of the nation's largest supermarkets — a group including Walmart, Carrefour, Coto, Jumbo, Disco and other large chains. The companies' trade group, representing 70 percent of the Argentine market, reached the accord with Commerce Secretary Guillermo Moreno, the government's news agency Telam reported.
The commerce ministry wants consumers to keep receipts and complain to a hotline about any price hikes they see before April 1.
Polls show Argentines worry most about inflation, which private economists estimate could reach 30 percent this year. The government says it's trying to hold the next union wage hikes to 20 percent, a figure that suggests how little anyone believes the official index that pegs annual inflation at just 10 percent.
The government announced the price freeze on the first business day after the International Monetary Fund formally censured Argentina for putting out inaccurate economic data. The IMF has given Argentina until September to bring its statistics up to international standards, or face expulsion from the world body in
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Gravitational constant of the universe...inflation...a mere snap of the fingers.
Freeze Prices.
Yeah. That’ll work.
Obama is taking notes
Again/still... long videos about the last round in Argentina:
http://www.youtube.com/watch?v=rH6_i8zuffs
More from back when this happened before (many good lessons here, for US):
The road of good intentions is paved to hell.
Wouldn’t surprise me if the Argies did a second debt repudiation.
We are Argentina waiting to happen. Got water and food and GUNS/AMMO?
They don’t even learn from THEIR OWN history!!!
The ignorance of lefties is amazing.
And everything vanishes from store shelves. They never seem to learn....
No government has the right to interfere with the free market and affect prices in any way. But they do it anyway.
In a few weeks who will they blame the shortages on?
In other words, the Argentinian government is implementing a policy of food shortages for the next two months causing a new black market to flourish. Of course if the Argentinian government really wanted to stop the rise of inflation, they would tighten their money supply just as the US did in 1981. But the only cure for inflation is unemployment.
Me too. I was about ten, and I remember him appearing on TV, somberly announcing his wage and price control plan. In front of him was what looked like the Encyclopedia Britanica.
I remember thinking, "Wow, you must have to be really smart to be the president. Who could understand something so complicated?"
From what I recall Argentina of 2000 was very much like the United states...Storng middle class, right to bear arms, increasingly corrupt and wasteful government which kept borrowing from a central bank owned by the same globalist banking cartel that owns our fed.
I think that in addition to this they pissed off the English globalists with the attempt to take back the Falkland islands. They were simply the first to feel the power of the money changers, a trial run if you will for their long planned attack on the rest of us.
I’m betting ‘stuff’ starts disappearing from store that can be monitored - and that a thriving black market is about to come into being....
I actually think that Ford was one of the better Presidents this nation has had.
Outlawing inflation is similar to outlawing guns - it’s not going to work and bad people will use the confusion to prosper... Fun, fun, fun..
Freezes don't work. Reagan's market based economic growth finally got our inflation tamed, though it will always be around thanks to bad politics and the Federal Reserve.
Germany broke its hyperinflation in the 1920's by temporarily backing its currency with real estate.
I agree. People have been expecting inflation here but, it’s been artificially stifled.
Have you not been to the grocery store lately? Inflation is very much here.
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