Mary Anastasia O'Grady writes
After more than five years of heavy state intervention in the economy, Argentina is again sliding into recession. Double-digit inflation is spiraling north and the government is running out of money. In response, President Cristina Kirchner is cracking down on the free press. Argentines are wondering if their democracy will survive.
Argentina’s appears on the edge of another economic meltdown. It is the classic case of demise: public overspending followed by inflation. In many cases, the political elite do not accept responsibility for their decisions,rather they blame someone else (similar to the meltdown earlier this decade). For example, the Peronists did not lose seats because of bad policies, they lost because of poor press coverage. But then again, what do you expect when 45% of the people vote for someone who refused to take part in debates or media interviews during all but the last day of her campaign (see here for biography of the President)?
