Hah, but this time _they_ have the dollar printer. They can actually take the convertibility of 1 dollar = 1 dollar all the way to the stratosphere if they want.
Greetings from a fellow neighbor
yeah, today with 1 dollar you can buy a beer, then next year will cost you 2 dollars ;)
Argentina’s problem is it owes debt in dollars, so inflating the peso doesn’t reduce the debt.
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.