” Could the U.S. become Argentina? ” asks the Washington Times , and Instapundit links to a similar discussion from the Washington Post in 2005.
It’s a complicated question for economists to figure out, involving debt levels as percentage of GNP, but maybe there’s a simpler way to look at it. You’ve seen the new currency from the U.S. Treasury? The ugly weirdness of our new $100 bills says we already are Argentina.