>Argentina is the poster child for what happens when a country's leaders insist on "a strong currency" above all else. In Argentina's case, by pegging to the US

>Argentina is the poster child for what happens when a country's leaders insist on "a strong currency" above all else. In Argentina's case, by pegging to the US dollar. >If the Argentinian peso had been floating for the last six decades, Argentina's trade deficit and inflation problems would be distant memories. Nonsense. Argentina's currency was only pegged to the dollar for about a decade. What killed the currency and caused endless devaluations was and is poor fiscal and monetary policy before, during, and after the peg.