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>Capital flight makes no difference. Argentina's government has defaulted 9 times, capital has always come back and always will. How does Argentina prove your p
by Out_of_Characte 4y ago
>Capital flight makes no difference. Argentina's government has defaulted 9 times, capital has always come back and always will.
How does Argentina prove your point that capital flight makes no difference? Defaulting on loans doesn't even represent capital flight. It just means people who have already invested will not get their return for a very long time, if at all.
>If you believe capital flight exists, you believe that humans don't like money.
>If I believe X then I must believe Y.
Not really, If I had a lot of Turkish Lira and lived in turkey then I would call moving my ass before the collapse capital flight. And I would have been better off doing so. Same with Venezuela and many other countries that clearly weren't too big to fail.