The United States is not Argentina. Argentina, unlike the United States, has to finance most of it's debt from external parties in foreign denominated currency.

The United States is not Argentina. Argentina, unlike the United States, has to finance most of it's debt from external parties in foreign denominated currency. Argentina has a vibrant economy, but it's export revenues are almost entirely from agricultural products. Since ag prices are volatile, it's harder for Argentina to acquire the foreign currency it needs to pay debts. > Inflation is a mass psychology phenomenon Inflation is a supply and demand phenomenon. If inflation is caused by constraints/shocks to supply, then increasing production capacity is a better long term solution than raising interest rates. > we have these insane “valuations This is a completely different problem than goods inflation. Stock market valuations can spike at times when inflation is well under control, and may even crash if inflation is too high. There was a long period where we had near-0 interest rates, high valuations, and little-to-no inflation after the 2008 crash