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Article posted Feb 16 2013, 1:13 PM Category: Economy Source: Michael Tennant Print

Is Today's Argentina Tomorrow's America?

by Michael Tennant

Americans wondering what to expect as their government piles on more debt and refuses to cut spending do not need to look any further than Argentina. A nation once among the most prosperous in the world is now deeply in debt, hemorrhaging cash, and trying to inflate its way out of the mess it has created. This inflation, naturally, has caused prices to rise sharply, and so the government is doing what all governments do in such a situation: instituting price controls.

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