{"id":18207,"date":"2012-12-17T09:49:01","date_gmt":"2012-12-17T14:49:01","guid":{"rendered":"http:\/\/quotulatiousness.ca\/blog\/?p=18207"},"modified":"2012-12-17T09:49:01","modified_gmt":"2012-12-17T14:49:01","slug":"qotd-argentinas-little-white-interest-rate-lie","status":"publish","type":"post","link":"https:\/\/quotulatiousness.ca\/blog\/2012\/12\/17\/qotd-argentinas-little-white-interest-rate-lie\/","title":{"rendered":"QotD: Argentina&#8217;s little white interest rate lie"},"content":{"rendered":"<blockquote><p>No one gives a toss that Argentina is lying about its inflation rate. Well, except maybe the economists they\u2019ve fined and ruined for calculating the real one. We\u2019ve all put up with Cuba lying about everything for 60 years after all.<\/p>\n<p>Except, except &#8230; Argentina has issued index linked bonds as part of the 2001\/2 debt restructuring. The interest paid depends on what the inflation rate is. If the government deliberately undercounts inflation then they get away with rooking the holders of those bonds.<\/p>\n<p>That\u2019s what this is about. That\u2019s why anyone cares. It\u2019s not simply that they\u2019re liars it\u2019s that they\u2019re thieves.<\/p>\n<p>Tim Worstall, <a href=\"http:\/\/timworstall.com\/2012\/12\/17\/i-wish-people-would-get-it-right-about-argentina\/\" target=\"_blank\">&#8220;I wish people would get it right about Argentina&#8221;, <em>Tim Worstall<\/em><\/a>, 2012-12-17<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>No one gives a toss that Argentina is lying about its inflation rate. Well, except maybe the economists they\u2019ve fined and ruined for calculating the real one. We\u2019ve all put up with Cuba lying about everything for 60 years after all. Except, except &#8230; Argentina has issued index linked bonds as part of the 2001\/2 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[465,25,41],"tags":[492,436,71,194,165,290],"class_list":["post-18207","post","type-post","status-publish","format-standard","hentry","category-americas","category-economics","category-quotations","tag-argentina","tag-banking","tag-debt","tag-fraud","tag-inflation","tag-statistics"],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p2hpV6-4JF","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/18207","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/comments?post=18207"}],"version-history":[{"count":1,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/18207\/revisions"}],"predecessor-version":[{"id":18208,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/18207\/revisions\/18208"}],"wp:attachment":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/media?parent=18207"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/categories?post=18207"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/tags?post=18207"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}