Argentine president battles inflation by launching government clothing line

“Just in the last few years, she’s imposed capital controls. Media controls. Price controls. Export controls. She’s seized pension funds. She fired a central banker who didn’t bend to her ‘print more money’ directives. She even filed criminal charges against economists who publish credible inflation figures. Even Cristina acknowledges that prices are way too high. But rather than rein in spending and stop the money printing, she’s digging her high heels in even further by launching a new clothing line.  This new brand– NYP will be owned and run by the government, selling everything from jeans to shirts to shoes at prices below 100 pesos (less than $20 officially).”

http://www.sovereignman.com/trends/argentine-president-battles-inflation-by-launching-government-clothing-line-12197/

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