The wealthy prefer the dollar system. It’s making them wealthier.
Argentina’s central planners have pursued a slew of defunct monetary policies of the Keynesian, Monetarist and Mercantilist variety. Repeated default is the fruit of that labor.
In this piece we seek to provide a truer sense of money, inflation and real value today, all of which seem grossly misunderstood in the marketplace.
Inflation is not rising consumer prices. One can’t understand much about the monetary system from inside this box.