In many countries that experienced high inflation, politicians were able to give independent central banks a mandate to reduce inflation. Voters were surprisingly supportive, even when getting inflation under control was painful. What makes Argentina different?
The ancient history of price controls is concrete proof they don´t work. This provides a picturesque view of price controls in Brazil: Note that while the first is “effective” for a few months, subsequent ones lose “effectiveness” very quickly. In addition, inflation rebounds more strongly after each try!
In many countries that experienced high inflation, politicians were able to give independent central banks a mandate to reduce inflation. Voters were surprisingly supportive, even when getting inflation under control was painful. What makes Argentina different?
The ancient history of price controls is concrete proof they don´t work. This provides a picturesque view of price controls in Brazil: Note that while the first is “effective” for a few months, subsequent ones lose “effectiveness” very quickly. In addition, inflation rebounds more strongly after each try!
https://marcusnunes.substack.com/p/how-can-you-talk-coherently-about