Rampant inflation, a booming black market for US dollars and crippling debt - welcome to Argentina, one of the world's most dysfunctional economies. How did it end up like this?
00:00 - Argentina’s economy is in crisis
01:21 - What is happening now?
04:16 - Why is this happening?
05:52 - Overspending
07:00 - Printing money
08:03 - Borrowing money
08:51 - Trade controls
11:06 - What are the solutions?
Sign up to The Economist’s daily newsletter: https://econ.st/3QAawvI
Meet Javier Milei, the front-runner to be Argentina’s next president: https://econ.st/3L9zKkk
Javier Milei would be a danger for democracy in Argentina: https://econ.st/45F8Ys1
Argentina is pushing international lending to its breaking point: https://econ.st/3qKfDSN
Argentina could get its first libertarian president: https://econ.st/3L47T4K
Annual inflation of 114% is pushing Argentina to the right: https://econ.st/3sAJ1eM
Javier Milei, an Argentine libertarian, is rising in the polls: https://econ.st/3PsqASB
Listen: Argentina’s economic woes push voters to the populist right: https://econ.st/3PjV88E