Why has the Argentinian economy gone to shit? (lemmy.zip)

submitted 3 days ago by LtDan@lemmy.zip to c/asklemmy@lemmy.ml

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Argentina is going through difficult times (especially with the Peso being bad as it’s very volatile) since most Argentinians would prefer USD over the Peso either through savings or investment.

That’s because the dollar is the best bet not only for savings, but for making a living (if they can manage to get remote work). The thing is, how did Argentina end up in this situation in the first place?

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[-] ICastFist@programming.dev 4 points 2 days ago

It's been a roller coaster of bad decisions for probably over 100 years now. Buenos Aires was once called "The Paris of South America", but that went to shit with the 1929 depression

this post was submitted on 01 Apr 2026

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