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Argentine Inflation Trivia

October 1st, 2008 | Categoría: Economics

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The average annual inflation rate in Argentina between 1965 and 1989 was 284%, according to a 1992 research paper archived by the National Bureau of Economic Research. According to this paper by Nobel Prize-winning economist Gary Becker, inflation surpassed 1,000% in both 1989 and 1990. And here is a Reuters story from 1984: “Inflation in Argentina, already the highest in the world, reached a record of 433.7 percent in 1983, the National Statistics Institute said today. The previous record was 347 percent in 1976.”

Now, who thinks setting records is always a good thing?

Popularity: 1% [?]

 

2 Comments

Anonymous says:

How much we have to learn from Brasil….
Things start with the time.
When they say meeting at 10 am, it is at 10 am.
Here where I live you say meeting at 10 am, and the reunion starts at 11.30 or 12 noon….
PUNCTUALITY is the start of organization.
We should learn from Brasil.
Organization has a lot to do with administration, and administration has a lot to do, with planification and inflation….
Locro

Marcelo says:

Well, we’ve been set in the second place in the hands of Zimbabwe!!!

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