Hugo Cracks Down on Inflation
Hugo cracks down on inflation.....by beating up people who raise prices.
Very clever. He can bankrupt the middle class in six months.
WHY he would want to do that is hard to say. But it is an effective policy, if that is the goal.
posted by Mungowitz @ 1/12/2010 07:02:00 AM
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Is it me or are some of the shelves in the pictured supermarket empty?
Maybe Hugo's just a "new Keynesian" who's aware of the manifest output effects of menu costs, and is making sure that they exist.
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