The decision that saved Australia from Argentina's 100 per cent inflation nightmare
Inflation in Argentina is at 100 per cent. The government is printing money fast and locals are spending in US dollars because the peso is so unreliable. The economy is like a rollercoaster. It might be tempting to think, "they're different over there", but here's the thing: they're kind of not. Argentina — one of the wealthiest countries in the world — was once uncomfortably similar to Australia. Until it totally lost control of its own economy.
If You're Listening · Australian Broadcasting Corporation
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Show Notes
Inflation in Argentina is at 100 per cent. The government is printing money fast and locals are spending in US dollars because the peso is so unreliable. The economy is like a rollercoaster.
It might be tempting to think, "they're different over there", but here's the thing: they're kind of not. Argentina — one of the wealthiest countries in the world — was once uncomfortably similar to Australia. Until it totally lost control of its own economy.