Addressing Fiscal Problems in Argentina

Argentina's fiscal problem stems from a perpetual imbalance between spending and revenue, leading to high inflation rates. Javier Malay correctly identifies this issue, acknowledged by mainstream economists. While few countries have rectified such imbalances under democracy, Brazil notably achieved this with the Rael plan in the 1990s. In contrast, other Latin American nations' successful stabilization programs often occurred under non-democratic regimes, like Mexico under one-party rule or Chile under Augusto Pinochet's dictatorship.

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