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A comment on Argentina Introduces 2,000 Peso Banknote. It’s Worth About $4. Parent comment

Re:Argentina Introduces 2,000 Peso Banknote. It’s Worth Abou... by gjsman-1000 on Monday May 22, 2023 @08:55PM (#36038556)
I would believe that except that the rate hikes have no endgame. If he let the rates decline - wouldn’t inflation start again?

It’s like having a car with brakes and a stuck gas pedal. You can get the car to slow down but you aren’t really in control…

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Re:Argentina Introduces 2,000 Peso Banknote. It’s Worth Abou... by credit_guy on Monday May 22, 2023 @09:05PM (#36038616)
> If he let the rates decline - wouldn’t inflation start again?

Maybe it would. But why exactly are rates supposed to be low? Historically 5% rates were, if anything, low not high.

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