In the wake of the global financial collapse, the United States and other countries around the world have experienced historically low rates of inflation. Not so in Argentina. Although among the most advanced economies in Latin America, Argentina has been plagued for much of its history by sometimes unimaginable rates of inflation. This month historian Carlos S. Dimas reviews the history of South America's third most populous country to ask why Argentina cannot seem to escape from the curse of inflationary cycles and their social dislocations.
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