Why is Argentina’s economy such a mess?

Rampant inflation, a booming black market for US dollars and crippling debt - welcome to Argentina, one of the world's most dysfunctional economies. How did it end up like this? 00:00 - Argentina’s economy is in crisis 01:21 - What is happening now? 04:16 - Why is this happening? 05:52 - Overspending 07:00 - Printing money 08:03 - Borrowing money 08:51 - Trade controls 11:06 - What are the solutions? Sign up to The Economist’s daily newsletter: https://econ.st/3QAawvI Meet Javier Milei, the front-runner to be Argentina’s next president: https://econ.st/3L9zKkk Javier Milei would be a danger for democracy in Argentina: https://econ.st/45F8Ys1 Argentina is pushing international lending to its breaking point: https://econ.st/3qKfDSN Argentina could get its first libertarian president: https://econ.st/3L47T4K Annual inflation of 114% is pushing Argentina to the right: https://econ.st/3sAJ1eM Javier Milei, an Argentine libertarian, is rising in the polls: https://econ.st/3PsqASB Listen: Argentina’s economic woes push voters to the populist right: https://econ.st/3PjV88E