The Argentinian Currency Debasement Role Model Default

Remember how Argentina and its currency debasement policy was held as a role model for troubled Southern European economies? Well, the currency debasement has continued (the peso has dropped 88% against the USD), but its economy is now in a deep crisis and is approaching default. 

As good as Argentina may be in football (the form of football where the foot is used to move the ball) it is very bad in economics.

So much for that role model…..

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