{"id":7685,"date":"2013-05-04T15:48:30","date_gmt":"2013-05-04T19:48:30","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=7685"},"modified":"2017-10-05T18:56:45","modified_gmt":"2017-10-05T18:56:45","slug":"blame-del-pont-for-the-nightmarish-rise-in-argentine-inflation-the-market-monetarist","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2013\/05\/04\/blame-del-pont-for-the-nightmarish-rise-in-argentine-inflation-the-market-monetarist\/","title":{"rendered":"Blame del Pont for the nightmarish rise in Argentine inflation | The Market Monetarist"},"content":{"rendered":"<p>Lars Christensen cites MercoPress on hyper-inflation in Argentina:<\/p>\n<blockquote><p>Because of inflation, people collect their salaries and rush to turn them into foreign currency\u201d, added the money traders\u2026<\/p><\/blockquote>\n<p>He observes:<\/p>\n<blockquote><p>The collapse of the peso should be no surprise to anybody who have studied Milton Friedman. Unfortunately Argentina\u2019s central bank governor Mercedes Marc\u00f3 del Pont hates Milton Friedman, but she loves printing money to finance public spending.<\/p><\/blockquote>\n<p>Read more at <a href=\"http:\/\/marketmonetarist.com\/2013\/05\/04\/blame-del-pont-for-the-nightmarish-rise-in-argentine-inflation\/\">Blame del Pont for the nightmarish rise in Argentine inflation | The Market Monetarist<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lars Christensen cites MercoPress on hyper-inflation in Argentina: Because of inflation, people collect their salaries and rush to turn them into foreign currency\u201d, added the money traders\u2026 He observes: The collapse of the peso should be no surprise to anybody who have studied Milton Friedman. Unfortunately Argentina\u2019s central bank governor Mercedes Marc\u00f3 del Pont hates &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2013\/05\/04\/blame-del-pont-for-the-nightmarish-rise-in-argentine-inflation-the-market-monetarist\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Blame del Pont for the nightmarish rise in Argentine inflation | The Market Monetarist&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[31,13],"tags":[219,1828,2319],"class_list":["post-7685","post","type-post","status-publish","format-standard","hentry","category-the-fed-banks-interest-rates","category-inflation-economy","tag-argentina","tag-inflation","tag-milton-friedman"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Blame del Pont for the nightmarish rise in Argentine inflation | The Market Monetarist - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Blame del Pont for the nightmarish rise in Argentine inflation | The Market Monetarist - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Lars Christensen cites MercoPress on hyper-inflation in Argentina: Because of inflation, people collect their salaries and rush to turn them into foreign currency\u201d, added the money traders\u2026 He observes: The collapse of the peso should be no surprise to anybody who have studied Milton Friedman. 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In fact completely in parallel with the increase in inflation expectations the markets\u2019 perception of the Japanese government\u2019s default risk have decreased significantly.\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5276,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/08\/16\/friedmans-japanese-lessons-for-the-ecb-the-market-monetarist\/","url_meta":{"origin":7685,"position":1},"title":"Friedman\u2019s Japanese lessons for the ECB \u00ab The Market Monetarist","author":"Colin Twiggs","date":"August 16, 2012","format":false,"excerpt":"Milton Friedman, December 1997: Defenders of the Bank of Japan will say, \u201cHow? The bank has already cut its discount rate to 0.5 percent. 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The Fed is: \u201c\u2026 a Central Bank that has inflation models that are stuck in 1978; with a governance system from a\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":44468,"url":"https:\/\/thepatientinvestor.com\/index.php\/2023\/10\/04\/causes-of-inflation-a-monetarist-perspective\/","url_meta":{"origin":7685,"position":3},"title":"Causes of inflation &#8211; a Monetarist perspective","author":"Colin Twiggs","date":"October 4, 2023","format":false,"excerpt":"20-minute summary by Prof. John Hearn https:\/\/youtu.be\/F_c-VnnOYm8?si=X50MIGYJzhpVrKAM Cost-push inflation is a myth. Rising prices do not cause inflation unless you have more units of money to spend. 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What more can it do to increase the quantity of money?\u201d The\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6268,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/11\/24\/the-export-price-norm-saved-australia-from-the-great-recession-the-market-monetarist\/","url_meta":{"origin":7685,"position":5},"title":"The \u201cExport Price Norm\u201d saved Australia from the Great Recession \u00ab The Market Monetarist","author":"Colin Twiggs","date":"November 24, 2012","format":false,"excerpt":"The Market Monetarist writes how a combination of luck and good policy saved Australia from recession. Milton Friedman once said never to underestimate the importance of luck of nations. I believe that is very true and I think the same goes for central banks. 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