There is no doubt that the main monetary policy problem in world over the last five years has been overly tight monetary policy – particularly in the US and the euro zone. However, there are certainly also central banks of the world that have erred on the other side.See also:
Hence, Iran is flirting with hyperinflation and the policies of the petro-socialist regime in Venezuela has sparked runaway inflation. Furthermore, there is no doubt that inflation in Argentina is increasingly getting out of control and that is the topic for this blog post.
Officially inflation in Argentina is around 11%. However, anybody who has just a minimum of knowledge about the Argentine economy knows that the Argentine inflation numbers are as real as Mickey Mouse. Inflation in Argentina is not 11%, but much higher.
According to an alternative measure of inflation the so-called Congressional Index, which is a price index based on private surveys inflation is more likely around 24-25%....MORE
Aug 28, 2012
"Where Are We Going and Why Are We in This Handbasket? Argentina Under Cristina Fernandez de Kirchner
June 10, 2012
Argentina on the Brink of Collapse
July 9, 2011
A Cautionary Tale: "Argentina files criminal charges against consulting firm for publishing inflation data"
