Inflation's Toll: Argentina vs. the U.S.

This chapter examines the severe inflation crisis in Argentina, highlighting a staggering rate of 160% and its profound economic and psychological impacts on society. It discusses the complexities of managing finances in such an environment, exploring how inflation affects savers, borrowers, and the perception of money. Ultimately, the conversation calls for a shift towards sustainable growth to alleviate the burdens created by persistent inflation.

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For this episode, Noah Smith and Erik Torenberg are joined by Sebastian Bensusan, an Argentinian engineer, to discuss Argentina's unique inflation problem, its agricultural and mining sectors, dollarization, voting patterns, and more. Match a donation up to $100 for your favorite charity with GiveWell by going to https://givewell.org and pick “Podcast” and enter Econ 102 at checkout.

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Econ 102 is a part of the Turpentine podcast network. To learn more: www.turpentine.co

LINKS:

- Sebastian Bensusan's blog: https://blog.sbensu.com/

- Noahpinion on Substack: https://www.noahpinion.blog/

- Noah Smith, "Argentina's macroeconomic situation is even worse up close" on Substack: https://www.noahpinion.blog/p/argentinas-macroeconomic-situation

X / TWITTER:

@noahpinion (Noah)

@sebasbensu (Sebastian)

@eriktorenberg (Erik)

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(00:55) Episode Preview

(03:25) Argentina's Economy & Industries