this post was submitted on 25 Jun 2023

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Dollars Are So Scarce in Argentina That Yuan Use Is at a Record (archive.md)

submitted 2 years ago by yogthos@lemmy.ml to c/worldnews@lemmy.ml

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[–] cyd@vlemmy.net 1 points 2 years ago

There's a saying in developmental economics. There are four kinds of economies in the world: developed, undeveloped, Japan, and Argentina.

It's really mind-boggling how Argentina's economic troubles never end, under socialist governments and neoliberal ones, with a pegged exchange rate and a floating one, under high global interest rates and low ones.