Inflating Toward Argentina

Worldwide inflation is upon us as central banks everywhere jockey to become the next Argentina.  The insidious part is that with most central banks inflating, it becomes that much easier to convince people that there is no inflation—after all, with inflation, you’d see significant currency revaluation, and the currencies aren’t moving like that, so therefore, there is no inflation.  Stefan Karlsson, in looking at just how bad things are in Argentina, points out that this is not a strong argument.

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