Veronica Rappoport

In this discussion, Veronica Rappoport, an Associate Professor at the London School of Economics and former Deputy Governor of Argentina's Central Bank, shares her insights on Argentina's historic inflation crisis. She emphasizes that price caps have exacerbated inflation rather than alleviating it, and debunks myths surrounding them. Rappoport also explores the role of fiscal deficits and government interventions, drawing lessons for countries like the U.S. This candid conversation highlights the complexities of inflation and the need for sustainable economic strategies.

Veronica Rappoport, an associate professor at the London School of Economics and former 2nd Deputy Governor of Argentina's Central Bank, shares insights from her experience during chronic inflation. She discusses why price caps, often proposed as a quick fix, can actually worsen inflation over time. Drawing from Argentina's history, she highlights structural fiscal issues and the pitfalls of government intervention. Amidst challenges, she notes a cautious optimism within Argentina as new political strategies emerge to tackle economic difficulties.