The Washington Times

February 8, 2013
By Nita Ghei

Supermarkets in Argentina can’t raise prices over the next two months. This is the government’s latest idea for bringing rising inflation under control, but it’s based on tired, old notions that have always failed in the past.

The South American country’s dalliance with price controls follows hard on the heels of an International Monetary Fund (IMF) censure of the government’s dubious inflation statistics. The embarrassing incident underscores how Argentina has become a textbook example of a once-wealthy and prosperous nation with generous natural resources that has tumbled off the economic cliff.

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