Thanks for this reminder. Back in the early Eighties, this financial disaster was a topic of one of my MBA profs (he lived in Argentina for 10 years). Apparently, few (including the Argentines) have learned the simple lessons.
Some years ago an American friend of mine married to an Argentinian woman told me this story. They were at a party and some guy was pontificating “if we had the blah, blah, blah, that the USA has, we could be the USA of South America.” My friend responded, “well, why don’t you try being the Sweden of South America.” That shut him up but good.