The decision that saved Australia from Argentina's 100 per cent inflation nightmare

from If You're Listening · host Australian Broadcasting Corporation

Inflation in Argentina is at 100 per cent. The government is printing money fast and locals are spending in US dollars because the peso is so unreliable. The economy is like a rollercoaster.It might be tempting to think, "they're different over there", but here's the thing: they're kind of not. Argentina — one of the wealthiest countries in the world — was once uncomfortably similar to Australia. Until it totally lost control of its own economy.

What this episode covers

Inflation in Argentina is at 100 per cent. The government is printing money fast and locals are spending in US dollars because the peso is so unreliable. The economy is like a rollercoaster. It might be tempting to think, "they're different over there", but here's the thing: they're kind of not. Argentina — one of the wealthiest countries in the world — was once uncomfortably similar to Australia. Until it totally lost control of its own economy.

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The decision that saved Australia from Argentina's 100 per cent inflation nightmare

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This episode is 16 minutes long.

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This episode was published on August 9, 2023.

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