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Argentina might default on debt again.....
#76

Argentina might default on debt again.....

I am from Argentina and I know a little thing or two about economics.

NO, the Argie economy will NOT crash, since we do not follow neocon policies anymore.

The current system is called "administrated devaluation". This means that devaluation of the peso follows inflation, which is caused by the oligopolistic structure of production and its response to increasing demand (and not due to money printing, like the ignoramus often spew).

So, expect to be it somewhat cheaper than last year, but no crash. Sorry dudes.
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