“Make of Argentina’s woes what you will. Central bankers in the United States are also guilty of programs of mass money debasement. They may have a bigger economy to better mask their malice. But despite what the MMT delusionals say the day of reckoning always arrives – and always at the worst possible time.
Indeed, the U.S. dollar hasn’t lost 55 percent of its value over the last 12 months. However, according to the Bureau of Labor Statistics’ own inflation calculator, the dollar’s lost 55 percent of its value since 1988. In other words, it takes $1 to purchase what $0.45 could buy during President Reagan’s last year in office.”