HistoPol (#HP) 🏴 🇺🇸 🏴 (histopol@mastodon.social)'s status on Wednesday, 13-Dec-2023 17:24:55 JST

@dw @mina @energiepirat @SilviaMarton

(3/n)

...or unable to raise taxes, and precluded from printing money by the currency board system, the government's only other recourse to finance its budget deficit..."

It will be interesting to see, if #Argentina will fare much differently in the medium to longer term.
In the meantime, most imported goods just doubled their price.
Economists call this "imported inflation," if the goods cannot be...

https://en.m.wikipedia.org/wiki/Convertibility_plan