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#406: Debt-Based Colonialism and Structural Adjustment with Alex Gladstein

TFTC: A Bitcoin Podcast

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Wage Deflation

Argentina has an average annual inflation rate of 192% since 1944. They joined the IMF in 1956 and participated in 21 standby agreements since 1958. Each time they have to agree to structural adjustment, they must agree to wage deflation. And that's accomplished by currency devaluation, raising taxes, raising interest rates,.

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