Interesting

"A recent article in The Wall Street Journal tells the tale...

"'Argentina's government has filed criminal charges against the managers of an economic consulting firm,' the paper reads, 'escalating its persecution of independent economists.'

"Apparently a local firm, MyS Consultores, published an inflation figure that was not to the administration's liking...which is to say, a figure probably much nearer to the truth than the “official” reading. The government's own figure is 9.7%, even though you'd be hard pressed to find anybody who thinks it's less than double that. Most economists reckon it's north of 20%. Some say much higher, a notion the government seems to tacitly confirm every time it supports trade unions' collective-bargaining agreements that include annual wage increases of between 20-30%. Curious, no?"

Joel Bowman