More on Argentina

On Tuesday past we wrote disapprovingly about Argentina nationalizing its Spanish-owned oil company YPF. Yesterday's Wall Street Journal has two excellent articles further describing the economic problems and general political and governmental craziness of that otherwise beautiful land.

The first article, by Pierpaolo Barbieri, deals with the poor economic choices made there over the past two decades. I've given you a link to it here on the webpage of the Belfer Center at Harvard University as the WSJ page requires subscription.

The second article (subscription required) by Matt Moffett and Ilan Brat deals particularly with the details of the YPF takeover. Much of the same content is available (without subscription) here on Reuters.