An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
What's the deal with Peru? It's the only one there that they said "high inflation developed into hyperinflation". Since it highlighted that Peru was shut out of international credit markets, that makes me think it wasn't a free floating fiat currency.
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What's the deal with Peru? It's the only one there that they said "high inflation developed into hyperinflation". Since it highlighted that Peru was shut out of international credit markets, that makes me think it wasn't a free floating fiat currency.
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