Last Updated：2025/12/31
Sentence
In
a
last
frantic
move,
the
Peronist
government
again
turned
to
a
stringent
stabilization
plan
(i.e.
another
100
per
cent
peso
devaluation,
90
per
cent
increases
in
publicly-controlled
prices,
coupled
with
a
meagre
20
per
cent
increase
in
nominal
wages).
[…]
Some
idea
of
this
incredibly
rapid
‘Weimarization’
of
Argentine
politics
can
be
gleaned
from
an
extrapolation
of
the
first
quarter’s
inflation
to
a
3,000
per
cent
annual
rate.
Using
the
March
figure,
the
same
calculation
yields
a
fantastic
17,000
per
cent
annual
rate.
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In a last frantic move, the Peronist government again turned to a stringent stabilization plan (i.e. another 100 per cent peso devaluation, 90 per cent increases in publicly-controlled prices, coupled with a meagre 20 per cent increase in nominal wages). […] Some idea of this incredibly rapid ‘Weimarization’ of Argentine politics can be gleaned from an extrapolation of the first quarter’s inflation to a 3,000 per cent annual rate. Using the March figure, the same calculation yields a fantastic 17,000 per cent annual rate.
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English - English
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