[SeekAndFind]

The government limits how many US dollars people can buy at the official exchange rate, if they’re allotted any at all, and so they buy them at a much higher black market rate, called the “blue” dollar. It’s about double the official rate — at the moment, the official exchange rate is around 200 pesos to a dollar, while the blue rate is around 380 to one.

“The Argentine economy has taught the people here not to trust in institutions in general but also not to trust in one of the central institutions for the functioning of the economy, which is money,” said Santiago Cesteros, a research fellow at the University of Zurich and former consultant at the World Bank.

[Freedom4US]

In the 19th century was among the wealthiest countries on the planet.

I wonder what happened? Hm.

[AlbertWang]

This is the time to ask do we trust God, or cash or the government

[AlbertWang]

This is the time to ask do we trust God, or cash or the government

[AlbertWang]

This is the time to ask do we trust God, or cash or the government

[PGR88]

Vox promotes woke socialism and corrupt, bloated government as a matter of course, then writes an article about other places that are living under just such a system

[fhayek]

The official exchange rate is 200 pesos to the U.S. dollar. A year ago, it was 100.

What strikes me is how much time is wasted waiting on line, or taking ferries to Uruguay, or workers going on strike to secure wages that keep up with prices. All this wasted time that could have been put to more productive use. The breakdown of a currency equals a breakdown of society.

[GOPJ]

Amid super-high inflation, people can’t bet on the value of the Argentine peso staying stable, so when they’re paid in them, they spend them fast or convert their money to American dollars — it’s unwise to keep your money in pesos for too long.

And, if President Sniffer continues on this path - what currency will Americans be able to convert to? Canadian? Mexican?

[griswold3]

Emily stresses to not lose confidence in institutions. How about the institutions quit screwing up?

[Iron Munro]

Americans no longer have to face the arduous trek to places like Argentina or Venezuela to experience a culture and society where citizens
cannot trust their government, banking system or currency.

Thanks to our own democrats and other unhinged leftists we now can have the exact same experience right here in our own home towns.

[G Larry]

It is the lack of Trust in God that is costing this nation our freedom and prosperity.

[libertylover]

later

[Mr. Jeeves]

But that may be why she didn't want to take her piece any further than she did, which was to look at the cause of the devaluing currency, the broken banks and the inflation, which all have the exact same cause, and which no Vox writer would ever be able to say out loud: Government overspending.

You can go a step further than that - no government, having created a dependent political client class to facilitate election victories, can ever dare to stiff them. The overspending must continue in perpetuity. All they can do is try to inflate faster than they increase annual stipends and hope their Rent-A-Mobs don't notice.

Read When the Music Stops by Matthew Bracken for a vivid description of what will happen if EBT is ever cut off.