MercoPress. South Atlantic News Agency

• 

  xbarilox

  A waste of virtual space, NY Times, because Cristina doesn't care.
  
  This, or at least something like this, could be the best end for her:
  http://www.youtube.com/watch?v=3NgcjfBsCkM

  Feb 06th, 2011 - 09:52 pm - Link - Report abuse 0
  -+

• 

  briton

  To keep up with the demand for more bills, the government has contracted with Brazil to print 16 billion pesos in banknotes, the first time Argentina has turned to Brazil for printing money
  So much money, and no one to spend it on .,
  for that amount of money, perhaps she intends to return to government in October .
  or one hellever rich widow if she does not,

  Feb 06th, 2011 - 11:00 pm - Link - Report abuse 0
  -+

• 

  I

  at least there is not terrorism imagine, there are other things more important to worry about, but since we are at this, I think taxes on finished good imports should be raced and taxes for exported raw materials should be at least 40% like the mineral royalties in Australia, and a 35% fee on foreign exchange.

  Feb 07th, 2011 - 07:32 am - Link - Report abuse 0
  -+

• 

  Forgetit87

  Domingo Cavallo: isn't that Menem's Finance Minister?

  Feb 07th, 2011 - 10:01 pm - Link - Report abuse 0
  -+

• 

  I

  LOL #4 -yes- not only menem finace minister, but the inventor of hyperinflation, think of it this way, if there was something that causes inflations is people like caballo say anything about economics. caballo's name sude his persona, in spanish it mean “horse” and who better then the parents to name the creature, he belong in a barn not in any structure that could in anyway inflate, the fact that he can appeare in any modern day Argentine economy report is inications that there are still spyes in Argentina, the only report I will like to see of caballo is of him being escorted to a penitenciary.
  but going back to this report it is meaningless, if the market crash in 1940's didn't teach this beaurocraps to shut their yap they will be digging their own economic grave, that is how the whole thing got started, if they keep trashing like that they might as well move back to EU, wich is where all this 1 cent-ho came from, what the NY times should do is sue their economic spokesperson and advicers for leading them into a bankrupt economy. anyone remembers 911 CNN commercials for the terrorits and the collapse of both airlines and then the fall of tourism ?? you keep repeating caballo and quote NY times and UK will soon end up inflating some sort of destruction for themselves.

  Feb 07th, 2011 - 11:42 pm - Link - Report abuse 0
  -+

• 

  Forgetit87

  Yeah, they shouldn't have asked Cavallo's opinion - for of course he is biased against the Kirchners.
  
  That said, Argentina has found herself in a difficult dilemma. Inflation is high, but to curb it the government has to cool down its main growth engine - consumption -, something that might increase unemployment and thus worsen the poverty situation the article points to. I think Argentina has done the right decision: they're choosing to implement growth policies instead of recessionist anti-inflationary shock-treatments (I wish my own country behaved similarly; Brazil often puts the fight against inflation above job creation). But Argentina can do something against inflation without hurting growth in the process: to emphasize investment over consumption, like the East and Southeast Asians do: and their levels of unemployment and inflation are not high; in effect, unemployment in those countries is smaller than in other regions of the world, and their infrastructure excels in comparison with that of other emerging regions due to high investment rates.

  Feb 08th, 2011 - 03:13 am - Link - Report abuse 0
  -+

• 

  I

  #6 I think I made it clear that it had nothing to do with President Kirchners and everything to do with the creation of “hyperinflation” you can check this yourself he started to work for the national bank in 1972 I think. in regards to how to put a led on inflation, you have to tax imported finished products as well as tax raw material exports, charge a big fee on currency exchange and use the national notes and bank for government programs and spending.
  other then that regulate the numbers as needed and spend in education, spend in infrastructure and spend in community driven programs..here is an example of what I mean, a lot of the problem with economies is that there is no one rule that will influence all of them the same way, specially when the investors inbolved care more for returns than sustainablility, or profit margins rather then the environment.
  http://en.mercopress.com/2011/02/07/argentina-conditions-luxury-car-imports-to-deals-with-mercosur-auto-parts-industry

  Feb 08th, 2011 - 07:09 am - Link - Report abuse 0
  -+

• 

  Forgetit87

  I was just pointing out that a former member of the Menem administration would clearly offer nothing but criticism regarding Kirchner's policies, for she has departed from Menem's orthodoxy by re-establishing a developmentalist state.
  
  As for your contention on how to curb inflation - by taxing imports - you have to explain to me how that is supposed to work. By taxing imports, Argentina is closing her market, something that tends to spur inflation because competition pressures on domestic producers is lessened and thus there's less need for producers to cut prices to win more market share.

  Feb 08th, 2011 - 09:21 am - Link - Report abuse 0
  -+

• 

  I

  bear with me, I stated tax on imported finished goods , meaning no tax on imported raw material for production, making resources cheaper in Argentina, if you also consider an export tax for raw materials can make the resources for local produsers even cheaper pushing profit margins wider, with that you take care of profit magins pulling in corporate investors, then you use interest rates and foreign exchange fees to regulate growth and keep capital from banishing.with a healthy capital flow inflations does not occur, remember that local produsers depend a lot among other things on low cost of resources and cheap labour to maximize returns. the global economy is much more likely to influence the price of all products much more efficiently then local economies.
  what really bring up inflation is strikes, energy cost, services cost. rental cost, cavallo talking to the media about Argentina and reuteman the car driver talking about Argentina to USA.

  Feb 08th, 2011 - 12:02 pm - Link - Report abuse 0
  -+

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!