The Week at a Glance

Argentina: The Wrong Medicine Against Inflation

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Controlling inflation has become a priority for the government on the road to elections. The high records of December and January, which are unlikely to recede much in February, have accelerated the search for recipes that help lower inflation. Unfortunately, the bulk of the ammunition that is being used goes through increasing price controls, putting a ceiling on rate increases, delaying the depreciation of the exchange rate and pressures on companies, recipes that have failed in the past and that will hardly work this time. They are like a treatment that can alleviate the symptoms for a lit
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