Argentina’s black-market USD rate climbs 24% in two weeks
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Argentina’s black-market USD rate climbs 24% in two weeks
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Re: Argentina’s black-market USD rate climbs 24% in two weeks
#2Why does Argentina always have such a volatile currency?
Re: Argentina’s black-market USD rate climbs 24% in two weeks
#3Why does Argentina always have such a volatile currency?
"Due to many governmental economic measures, a deficit in the fiscal balance, and a large issue of local currency..."
(From the article). Chronic lack of competent governance seems to be the culprit.
Re: Argentina’s black-market USD rate climbs 24% in two weeks
#4Why does Argentina always have such a volatile currency?
" Due to many governmental economic measures, a deficit in the fiscal balance, and a large issue of local currency..." (From the article). Chronic lack of competent governance seems to be the culprit.
But this isn’t the first time. You’d think they’d learn their lessons. So something is amiss— perhaps they don’t have a choice? And if so, why?
Re: Argentina’s black-market USD rate climbs 24% in two weeks
#5Earlier quoted context omitted.
" Due to many governmental economic measures, a deficit in the fiscal balance, and a large issue of local currency..." (From the article). Chronic lack of competent governance seems to be the culprit.
But this isn’t the first time. You’d think they’d learn their lessons. So something is amiss— perhaps they don’t have a choice? And if so, why?
way off course on my comment here, oops!
Re: Argentina’s black-market USD rate climbs 24% in two weeks
#6Earlier quoted context omitted.
" Due to many governmental economic measures, a deficit in the fiscal balance, and a large issue of local currency..." (From the article). Chronic lack of competent governance seems to be the culprit.
But this isn’t the first time. You’d think they’d learn their lessons. So something is amiss— perhaps they don’t have a choice? And if so, why?
Latin American politics is just above quantum theory and WeWork's path to profitability on the list of "difficult to understand" things.
Re: Argentina’s black-market USD rate climbs 24% in two weeks
#7Earlier quoted context omitted.
" Due to many governmental economic measures, a deficit in the fiscal balance, and a large issue of local currency..." (From the article). Chronic lack of competent governance seems to be the culprit.
But this isn’t the first time. You’d think they’d learn their lessons. So something is amiss— perhaps they don’t have a choice? And if so, why?
Figuring out how to stop a country with a history of corrupt government from being a country with a future of corrupt government is one of the biggest problems in human civilization.
Re: Argentina’s black-market USD rate climbs 24% in two weeks
#8Earlier quoted context omitted.
But this isn’t the first time. You’d think they’d learn their lessons. So something is amiss— perhaps they don’t have a choice? And if so, why?
way off course on my comment here, oops!
Hmmm. Argentina and the US have no beef. Not even historically. The US didn't even officially take the UK's side during the Falklands War. And that's despite the fact that the US/UK alliance is probably the strongest one.
Re: Argentina’s black-market USD rate climbs 24% in two weeks
#9Earlier quoted context omitted.
But this isn’t the first time. You’d think they’d learn their lessons. So something is amiss— perhaps they don’t have a choice? And if so, why?
Figuring out how to stop a country with a history of corrupt government from being a country with a future of corrupt government is one of the biggest problems in human civilization.
The thing about Argentina is that it's not even particularly corrupt.
Re: Argentina’s black-market USD rate climbs 24% in two weeks
#10Earlier quoted context omitted.
" Due to many governmental economic measures, a deficit in the fiscal balance, and a large issue of local currency..." (From the article). Chronic lack of competent governance seems to be the culprit.
But this isn’t the first time. You’d think they’d learn their lessons. So something is amiss— perhaps they don’t have a choice? And if so, why?
Sometimes there's an incentive for a government, or voter base, to not learn their lessons.
Using US examples because those are the ones I'm most familiar with, just look at how long there's been a "housing crisis" due to insufficient housing in some US cities. There's been plenty of time to fix it, but policy changes just nibble at the edges. Why? Because some people don't want to fix it, or don't care, or there are some downsides to fixing it properly.
Similarly, the US has a high rate of traffic fatalities among developed nations. The fixes for this are well understood, but they involve tradeoffs or design changes that many people do not want. (The US is getting better at safe road/street design, but very slowly)