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Argentina’s problem is it owes debt in dollars, so inflating the peso doesn’t reduce the debt.
by fshbbdssbbgdd 5y ago
Argentina’s problem is it owes debt in dollars, so inflating the peso doesn’t reduce the debt.
- yazantapuz 5y agoNo. Our problem -I live in Argentina- is that we spend like there is no tomorrow and no consequences.
- imtringued 5y agoYes every permanent money system suffers from this problem. You can permanently take money out of circulation thereby forcing the government to replenish the supposedly lost money.