Great Moments in Keynesian Economics

4 Feb

Argentina freezes prices to break inflation spiral

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 November…

Who would put out inaccurate economic data?

Because every Keynesian knows that inflation starts at the Wal-Mart checkout counter

This should work out well – Obama is watching closely, and with interest….

FoxNY

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