Inflation Fuels Crises in Two Latin Nations

“Mrs. Kirchner’s cabinet reiterated threats to fine or shut down businesses that raise prices.  In Venezuela, soldiers forced retailers to sell electronics goods at bargain-basement prices; one general guaranteed plasma televisions to all Venezuelans on national TV.  A new agency Mr. Maduro created, the National Superintendence for the Defense of Socio-economic Rights, began deploying 480 inspectors this week to check prices and level sanctions against those who set them too high.  The agency aims to enforce a new law that can lead to a 14-year prison term for those convicted of hoarding products or waging ‘economic warfare’ against the government.”

http://online.wsj.com/news/articles/SB10001424052702304851104579362530567845104

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