Argentina says to eke out growth in 2014; economists skeptical

[Bacchus4.0]

1. I've previously said here that nobody is following the Venezuela model, I was wrong

Argentina joins the Venezuela School of Economics

http://www.washingtonpost.com/blogs/worldviews/wp/2014/09/18/argentina-joins-the-venezuela-school-of-economics/

One of South America's largest countries has passed new measures to cap consumer prices of goods, set profit margins for private businesses and levy fines on companies found to be making "artificial or unjustified" profits.

If that sounds like something they would do in Venezuela, well, that's because they already have.

Now it's Argentina that wants to use the heavy hand of the state to grip the invisible hand of the market.

After an all-night debate, legislators in Argentina's lower house voted 130-105 early Thursday for a new "supply law" pushed by President Cristina Fernandez de Kirchner, who is battling inflation, product shortages and a debt crisis her government blames on "vulture" bondholders.