comment: >
  
  Argentina has had massive inflation for decades 
  I'm no expert at all... but it's clear that the economic direction they've taken is not good . Can't they change it completely?
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 >
  
  Argentina boutta become a bouncy castle with all this inflation >
  
  At 100%, Messi will level up. >
  
  I was there when a buddy of mine got me the Messi dollar when the officially rate was like 6-1. Lived like a king for 2 weeks >
  
  “There are four kinds of countries: Developed countries, underdeveloped countries, Japan, and Argentina.” -Economist Simon Kuznets >
  
  Why is Japan a standout? Is it a quote from the 80s? >
  
  Huge amount of debt, low growth, low inflation. Yet things seem to work out. >
  
  Because that debt is owned to their own citizens and not foreign countries. This is very common in places where there are lot of natural disasters and you need to rebuild. >
  
  In 1992 we made a full Spanish-version monopoly game with real cash. It was worthless. I remember we ran it through the washing machine, then ironed out the bills. We still have that board "game."
  We left Argentina in 1994, plenty of extended family left behind. All these years later, same old shit. My father (visiting family)  just got a haircut down there for like $1.75ish US. People are desperate. Failed state, no jobs, no money, barely enough food. >
  
  PS. It wasn't long after our custom game was made that Argentina literally just cancelled the currency, and started a new one. If you hadn't traded in your "Australes" for the new "Pesos," they were literally garbage. Of course, trading them in was pennies on the thousands, or worse. Hence our new game was born. >
  
  Put Messi on a new large domination bill and watch the Argentinian Peso demand go up. >
  
  Yeah, it’s Argentina, that happens a lot there. >
  
  I don’t even know how to comprehend this. However, eggs are up 200%….so there’s that. >
  
  If the avian flu strain going around hit Argentina too, imagine the egg prices there!