ARGT - 5 Reasons For The Weakness Of The Argentine Economy
By Daniel Lacalle
Argentina has been "printing money for the people" MMT-style for many years. It is wrongly-called "inclusive monetary policy" of the past - print money to finance massive government spending - has driven the country to massive inflation and depression.
This is the main reason why a country with an excellent education, human capital, and high economic potential has third-world inflation rates.
Argentina's inflation rose to 54% annualized last week. Bonds spreads soared to 854 Bps, the two-year Credit Default Swap ((CDS)) is at 1094 bps, and the five-year at 948 Bps. But