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Subject:  Re: On Argentina, Krugman, Mosler, and Wenzel Date:  2/5/2013  2:38 PM
Author:  whereaminow Number:  393823 of 404


In Argentina, the currency controls came first.

As smart people tried to get out of the peso, the govt moved to prevent them.

Of course this stop the rising proces, so more direct price controls followed.

The parallels with America are interesting. Certainly we have a similar disconnect between official inflation measurements and the pain people are feeling. We also have the same class of rats smearing anyone who doubts official inflation as kooks and conspiracy nuts. And we have the MMTers promising us that it's an easy fix. Ha!

So yeah, nothing new. Keep some money in metals.

David in Liberty 

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