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Why compare the expansion of the Argentine economy for the that for this U.S. then? Certainly there are differences. Primarily, the employment of the USD as the currency of the world and the confidence it brings is the one thing that has separated the fate the You.S. from that of Argentina. One with the economic laws I postulated was that confidence = credit.
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In 2008 the exchange rate was 3 Argentine Pesos to a single U.S. Dollar (USD). With regards to USD hadn't been universally accepted, convertibility into Pesos wasn't any problem. What i immediately noticed was how cheap certain things were like beef and public vehicles. I felt like I could get yourself a substantial meal with wine in a cafe or restaurant for an exceptionally reasonable price, and he did this in a great city. To be able to their economic problems, the exchange rate was 1:1.
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