Real or Fake, How We Produce Protein Awaits an Overhaul:
Protein is an essential part of the human diet, but the way it’s produced is coming under heat.
bloomberg.com/news/newsletters/2023-02-03/supply-chain-latest-real-and-fake-meat-faces-challenges
IDESA report: Argentina averaged 30% annual inflation for two decadesThe study links inflation to instability after convertibility ended and cites 34% annual money-supply growth.
Key FactsFeb 3, 2023 · Reading time: ~45 sec.
Summary created with AI assistance · Source: bloomberg.com
Summary created with AI assistance · Source: bloomberg.com
- According to IDESA, Argentina’s average annual inflation between 2003 and 2022 was 30%.
- According to the study, public spending exceeded state revenue by an average of 11%.
- Governments increased the money supply by an average of 34% annually during that period, the report says.
- IDESA says revenues covering 80% of spending and triple-digit inflation make the current situation an extreme manifestation of a process begun shortly after 2002.
The problem with these state flaws is not only excess spending but the loss of socio-economic productivity provoked by bad public-sector intervention. This ends up destroying the currency,— From the IDESA study on Argentina’s inflation (the study authors).
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