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Analysis: Punk nation : Argentina inflation soars as hazy future drives price hikes

Hernan Nessi 1/2 Argentina s President Alberto Fernandez speaks during a brief joint news conference with Spain s Prime Minister Pedro Sanchez (not pictured) at the Moncloa Palace in Madrid, Spain, May 11, 2021. Gabriel Bouys/Pool via REUTERS Read More Argentine President Alberto Fernandez, put on the spot to explain a damaging and stubborn inflation rate that is soaring towards 50%, turned to the punk rock musical genre of Patti Smith and the Ramones for inspiration. Argentina is a punk nation, the center-left president, who plays the guitar and named his dog after Bob Dylan, said in reference to the rebellious spirit of the musical movement born in the 1970s.

Punk nation : Argentina inflation soars as hazy future drives price hikes

Analysis- Punk nation : Argentina inflation soars as hazy future drives price hikes | WSAU News/Talk 550 AM · 99 9 FM

By Syndicated Content By Hernan Nessi BUENOS AIRES (Reuters) – Argentine President Alberto Fernandez, put on the spot to explain a damaging and stubborn inflation rate that is soaring towards 50%, turned to the punk rock musical genre of Patti Smith and the Ramones for inspiration. “Argentina is a punk nation,” the center-left president, who plays the guitar and named his dog after Bob Dylan, said in reference to the rebellious spirit of the musical movement born in the 1970s. “Everything is today, there is no tomorrow. Everything is in the short-term because there is no future.” The South American nation, he explained, had over years of runaway prices built up a national psyche so imbued with inflation that it had become a self-perpetuating vicious cycle. “People increase prices just in case,” he said.

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