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Poll vault: Argentina’s Peronist surprise
Economist Podcasts
Argentina's Economic Crisis: A History of Recurring Crises
Argentina has faced economic crises for the past 100 years, with recurring crises every few years./nOne of the main problems is the lack of political consensus around basic policies, such as having an independent central bank./nUnder Peronist administrations, the central bank prints money to finance the fiscal deficit, while center-right governments borrow money from abroad, resulting in high debt or high inflation./nThe Peronists initially created a solid middle class through welfare handouts and worker rights, but these measures have since become expensive and inefficient./nThe Peronists have been implementing short-term measures to maintain support, but these actions have long-term negative consequences.
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