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Under Argentina’s New President, Fuel Is Up 60%, and Diaper Prices Have Doubled (www.nytimes.com)

submitted 9 months ago by [email protected] to c/[email protected]

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[–] [email protected] 71 points 9 months ago (22 children)

The previous leftist government had used complicated currency controls, consumer subsidies and other measures to inflate the peso’s official value and keep several key prices artificially low, including for gas, transportation and electricity.

Yea devaluing peso from 360 for a dollar to 790 for a dollar instantly meanwhile is such a big brain play.

there is no such thing as a 'natural' price. every price is artificial. OPEC is literally a cartel ffs. The concept of 'artificial' pricing is so libertarian brained.

[–] [email protected] 5 points 9 months ago

Every time I see that phrase it makes my eye twitch. ALL pricing is artificial. Always. No exceptions.

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