Economists Fear Argentina

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Cristina Kirchner is expected to wine re-election as president of Argentina in the voting Sunday.  Her government is pursuing legal action against a dozen economists.  Their crime?  Contradicting the government’s official inflation rate.  These economists fear Argentina’s government.

The government’s official published inflation rate is 9.9%.  The economists vary in their calculations, but they are somewhere between two and three times the official rate.  For this offense some of the economists have been denied employment.  They believe this was caused by government pressure on private industry.  Orlando Ferreres, another member of the group, said he “would rather go to jail than lie.”

Full story in the Oct. 22 Wall Street Journal.

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About Tony Lima

Retired after teaching economics at California State Univ., East Bay (Hayward, CA). Ph.D., economics, Stanford. Also taught MBA finance at the California University of Management and Technology. Occasionally take on a consulting project if it's interesting. Other interests include wine and technology.