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How Money Printing Destroyed Argentina and Can Destroy Others

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How Money Printing Destroyed Argentina and Can Destroy Others
The Central Bank of Argentina in Buenos Aires, Argentina, on Aug. 20, 2019. Ricardo Ceppi/Getty Images
Daniel Lacalle
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Commentary

The most dangerous words in monetary policy and economics are “this time is different.” The big mistake of politicians in Argentina is to believe that inflation is multi-causal and that everything is solved with increasing doses of interventionism.

Daniel Lacalle
Daniel Lacalle
Author
Daniel Lacalle, Ph.D., is chief economist at hedge fund Tressis and author of the bestselling books “Freedom or Equality” (2020), “Escape from the Central Bank Trap” (2017), “The Energy World Is Flat”​ (2015), and “Life in the Financial Markets.”
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