The country is incapable of taxing fairly and efficiently as there is rampant corruption and tax avoidance. This creates a very negative feedback loop, nobody w

The country is incapable of taxing fairly and efficiently as there is rampant corruption and tax avoidance. This creates a very negative feedback loop, nobody wants to pay taxes as nobody else does so you would put yourself at a disadvantage and the tax money doesn't get put to good use anyway due to corruption, so why do it. The above means that the government has to run permanent fiscal deficits and get indebted. At some point they are unable to pay the debt and the first temptation is to debase the currency. Rinse and repeat in an infinite loop of mistrust, tax avoidance and default. It's a very hard problem to solve, unfortunately, as it's at this point deeply integrated into argentinian culture.