The False View of Inflation

Germany and Argentina are experiencing a breaking up of the US-centered order, which is also affecting the BRICS countries. The strains are primarily financial and related to the limits of the US-centered neoliberal order established in 1945. Germany and Argentina are facing balance of payments crises due to budget deficits and the use of ineffective neoliberal economics. Germany's spending is frozen, preventing public funding to recover from the economic depression caused by its conflicts with Russia and China. Similarly, the middle class and labor class are being squeezed in both Germany and Argentina.