Monday, August 27, 2012

Ché Boluda

Doesn't this sound like someone we know?

The international bond market has shunned Argentina since its 2002 sovereign debt default and subsequent embrace of policies that emphasize state intervention in the markets and heavy government spending meant to stoke economic growth.


Are you sure this doesn't remind you of someone?

Annual inflation, clocked by private analysts at over 20 percent, was another worry voiced in the survey. The government fines economists who publish their inflation estimates, which tend to double or triple the official figures.


Punishing your enemies for calling out your own incompetence?

Intervening in matters of private capitalism?

Geez, you'd almost think this sounds just like Barack Obama.

And you'd be exactly right.

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