stackyFACTSWhen politicians completely refuse to balance the budget, central bank independence becomes a hilarious myth.
When politicians completely refuse to balance the budget, central bank independence becomes a hilarious myth. In a textbook case of fiscal dominance, Argentina's government routinely forces its central bank to print endless streams of pesos specifically to cover sovereign debt obligations. This reckless money creation overrides any attempt to control inflation, dooming the country to a vicious cycle of triple-digit price hikes and a permanently crippled currency.
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