It's at a point now where the instability of the local currency is ingrained in a whole generation of Argentinians. Unwinding that psychology is not easy, regar

It's at a point now where the instability of the local currency is ingrained in a whole generation of Argentinians. Unwinding that psychology is not easy, regardless of monetary policy. Every more "developed" country went through real hardship attempting to control their exchange rates, always there were strong short term reasons to keep the controls in place. But it's just not viable in the long run. Controls create an artificial situation where the politically well connected benefit. They gain personal access to favorable rates, or their businesses enjoy unfair protection through the manipulated rates.