Argentina's big throw of the dice, page-20

@Infose

I agree the reasons and processes/policies between inflation and devaluation are different however both do do the same thing, they both reduce the real buying power of our currencies nominal value. i.e we get less goods and services for the same $10 note whether we inflate prices or devalue the currency.

Where Millei now says his central bank is going to aim to devalue the currency 2% per month, the Fed says he aims for 2% inflation per year or aim's for a 2% devaluation of the currency per year instead of per month like Miilei.

In this way both inflation and devaluation are exactly the same things.

And i also think with the current monetary system a small amount of inflation or devaluation of our currencies per year opr period is constructive.