comment: >
  
  Argentina boutta become a bouncy castle with all this inflation
context: Why is it this so common in Argentina and not in neighboring countries? >
  
  Thanks for posting it. Very interesting and sad at the same time. It somehow reminds me to Greece’s woes 10 years ago (debt they could not repay etc). 
  When you see the debt most countries have (including the US and all European counties), it’s just surprising this does not happen more often. The US debt has ballooning since ever and it is clear it will never be repaid.
  The whole peso being pegged to the USD sounds like a terrible idea - but then you see this in many (smaller countries) today, like Hong Kong. >
  
  
  When you see the debt most countries have (including the US and all European counties), it’s just surprising this does not happen more often. 
  
  The reason for this is really that it's a lot more complicated than just how much debt a country has. Other factors like interest rates play a huge role. What's arguably a better metric for how a country is doing debt-wise is how much they pay in interest rates, rather than how much gross debt they hold. The US, for instance, holds a very large amount of debt, but that debt is made up of loans made out at extremely low interest rates, which means the actual burden of those debts on the economy is comparatively low. >
  
  Another thing that’s important to point out is that the US dollar is the global reserve currency. There’s an insatiable hunger for dollars around the globe. >
  
  International buisness settlements are done in dollars. If China wasn’t to soybeans  from Brazil they pay in dollars >
  
  Argentina never stopped being Argentina. Always currency collapse. >
  
  Can't think of something more Argentinian than inflation