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Who is to blame for the high inflation in Argentina

Most of the opinion polls tell us that after government corruption high inflation is the public’s Number One worry shortly followed by insecurity. We shouldn’t need the pollsters to tell us that. We can listen to the complaints in the lines at the supermarkets, read the headlines in newspapers, or hear the pronouncements of business leaders and political candidates. Inflation is terrible cancer that must be brought under control, we are constantly warned, or we face a bleak future and perhaps an economic…

Latam Investor – Argentines Macri Miracle Ends in Default

When Mauricio Macri was elected in 2015 it seemed to herald a new era for Argentina. Now it looks like being more of the same. In August Buenos Aires announced that it would reprofile its debt. In effect it’s another default, with investors having to take a write down for having lent to the Argentine government for the fourth time in the last 30 years and the ninth time since independence from Spain. It’s a sad culmination to a presidency that began with such hope. When Macri came to power his early moves,…

Reasons For The Weakness Of The Argentine Economy

Argentina has been “printing money for the people” MMT-style for many years. Its 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 inflation rose to 54% annualized this week. Bonds spreads soared to 854 Bps, the two-year…

The world’s leading inflation expert believes the current Argentine monetary policy changes are very positive

The American John Taylor is making reference to the inflationary goals and forecast interest rates. Taylor highlighted the planned application of zero growth in the monetary base and “first level transparency” of the local monetary authority. For the creator of one of the most important monetary policy principles of the last decades, “an inflation goal is not enough, a policy strategy is needed to follow” when establishing and complying with the inflation targeting scheme. John Taylor…

How Inflation Destroys a Civilization

August 5, 2018
Uncategorized
In 1971, President Nixon severed the final connection between gold and the U.S. dollar. Regular readers know that Bill has long warned of the unseen side effects of this decoupling. This was the rallying cry of what eventually became the largest fast-food strike in U.S. history. It all started in late 2012, when over 100 New York City fast-food workers walked off their jobs, demanding higher wages. Many made minimum wage. They were struggling to make ends meet as rent, utilities, medical care, and the overall…
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