Posts Tagged ‘Kristina Kirchner’

Argentina has another nail in its coffin. Price controls in all supermarkets, to be active for 2 months. How much you bet that store shelves start looking empty within a week or two? Or less?

We remind the reader that price controls have never worked. Ever. Throughout all known history. Simply because they are incompatible with simple mathematical and physical reality. And each and every time they have been tried, they end up in shortages. Look no further for a recent example than the glorious Bolivarian revolution in Venezuela to see how this plays out.

“This time will be different!” they think. Well, they can’t really get honest information anymore because they tend to arrest those who tell the truth about how printing too much money results in the loss of value and credibility.

I’ve gone past the point where I wonder if they really believe that they are doing the right thing, and now it’s clear that they know they are destroying their country, and don’t care. And the Argentine people will cart Kristina through the streets in her golden chariot, cheering as she brings the whole place down on their heads.

Read more here.

Also interesting commentary on ZeroHedge, here.

Thanks to SustainableBob for the heads-up.