Oh by no means I mean "you shouldn't worry at all". Do worry in all seriousness and do voice your concern, so that more voices join you. I just wanted to clarify that there's an abyss between your worst case scenario and what we have lived in Argentina. But, the only way to keep standards high is to defend your line, no matter how far ahead. 

The progression here will likely be slower because of that but we are now in the fiscal death spiral. 

They can't afford to service the debt without printing more money. That means the inflation target is no longer relevant, which we're seeing now as they cut rates while CPI > 2%.

Undisciplined

Exactly. You can see that everywhere. I can confirm that for the entirety of latin america. 

didiplaywell

econ

What Will the Next Gold Bust Look Like?

The US dollar enjoys the position of being "the cream of the crap", in the sense that even if people are losing trust in the dollar, they're probably losing trust in other currencies more.
