Exchange Rates and the Purchasing Power of Pesos
In my previous post, I described what I consider to be the two most important prices in the Argentine- or any!-economy. Having indulged in such extended preliminaries, let us address what is going on in Argentina nowadays. Soon after the inauguration of Javier Milei as the new president of Argentina, his government devalued the official … Continue reading Exchange Rates and the Purchasing Power of Pesos
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