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> Until now, the government of Argentina has abused its currency monopoly by printing money, with devastating consequences. With devastating consequences for t
by onlyrealcuzzo 3y ago
> Until now, the government of Argentina has abused its currency monopoly by printing money, with devastating consequences.
With devastating consequences for the middle class.
It's printing money to keep entitlements for the poor and to keep the rich from paying for those entitlements (more than they already are).
Does Argentina even have a middle class anymore?
I was looking at wealth inequality - and to be in the top 10% in Argentina - you need barely more than $100k.
It seems like, historically, a decent chunk of the top 10% wouldn't even count as middle class in Argentina right now.