Home > Inequality, Inflation, Interest Rates > Inflation in Argentina – Printing money doesn’t work

Inflation in Argentina – Printing money doesn’t work

Here is a clip from Nial Ferguson’s Ascent of Money that I used in my AS class today. It explains the hyperinflation problem that Argentina experienced in the late 1980’s – early 1990’s and reminds us of the dangers of inflation. Anyone who thinks that you can solve a financial crisis by printing money might be interested in the Argentinian experience.

Advertisements
  1. No comments yet.
  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: