3 ms·
I don't know when, but I can tell you where, Argentina. It's been operating under the premise that their borrowing won't create inflation for the last 100 years
by _3u10 3y ago
I don't know when, but I can tell you where, Argentina. It's been operating under the premise that their borrowing won't create inflation for the last 100 years.
The recently departed government still claims that their borrowing wasn't the cause of the problem.
- _heimdall 3y agoWell that is the beauty of economics. The system is so complex that you can claim causation wherever you want and find some data to point to. I honestly don't get how economics is considered a science or predictive. At the highest level its still largely driven by trying to play psychological games to "nudge" consumers and investors in a certain direction. There's no prediction there, and a science that couldn't, for example, predict that printing $4T would cause inflation isn't really very scientifically accurate with its predictions.
- _3u10 3y agoIt used to be call political economy or at least that's what I've been told. It's more like human psychology to be honest.