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Yeah, capitalism is what caused all the world wars, even the little battles those guys with the swords did back in 900BC.
You can’t just shift the blame for everything in the world on that one thing you hate, just doesn’t work like that
Yeah, capitalism is what caused all the world wars, even the little battles those guys with the swords did back in 900BC.
You can’t just shift the blame for everything in the world on that one thing you hate, just doesn’t work like that
Of course it wouldn’t be there, I’m not saying that the government spending money at all is bad.
What is bad is the government spending too much money, so much that they introduce way too much money into the economy, making the rest worthless.
Obviously it’s a combination of factors, but printing (and then introducing) a shitton of money will have very direct effects on the value of the currency.
Printing money is like borrowing it from the taxpayers.
If there’s hyperinflation, it means that said loan isn’t being paid back, far from it actually.
The black market rate was around 1000 pesos per dollar and the official was 400. They devalued it to bring it closer to the black market one.
If the official rate meant anything, the black market one wouldn’t be so drastically different.
Makes sense, if stuff is subsidized, the government has to pay for it. If the government doesn’t have money to pay for it, they’ll just print it out of thin air, devaluing the currency (and thus taxing the working class).
There’s gonna be a lot of pain for Argentinians in the months and years to come, hopefully it’ll all be worth it…
Wasn’t it a couple lads with hurt feelings?