3 ms·
As an Argentine, I agree. This article "blames" everything that is wrong with Argentina on an "enemy" figure. It is generally accepted that monetary policy has
by throwayaw84329 3y ago
As an Argentine, I agree.
This article "blames" everything that is wrong with Argentina on an "enemy" figure. It is generally accepted that monetary policy has a lead time of at least a couple of months (it took the FED at least one year [1]). The causal relationship implied in the article, regarding having a record high inflation in the month of January is pretty unlikely.
[1]: https://time.com/6227633/inflation-federal-reserve-interest-rates/ https://time.com/6227633/inflation-federal-reserve-interest-...