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by fshbbdssbbgdd 1589 days ago
Argentina’s problem is it owes debt in dollars, so inflating the peso doesn’t reduce the debt.
1 comments

No. Our problem -I live in Argentina- is that we spend like there is no tomorrow and no consequences.
Yes every permanent money system suffers from this problem. You can permanently take money out of circulation thereby forcing the government to replenish the supposedly lost money.