V To get inflation down all that has to happen is the Argentina Government needs to stop printing Peso's and stop spending more than it makes.
Inflation and devaluation are exactly the same things, both of them mean our fake money buys less goods and services than it use to.
Current type Inflation is caused by excessive fake money printing and spending, when central banks let inflation get out of control by not raising interest rates high enough quick enough and inflation starts cruising around 100% or higher, devaluation is the much better option with such high inflation if the government is actually going to start living within it's means and actually create policies that will create and attract econmic investment and growth.
Ignoring Bitcoin theres only two solutions to curb inflation, one is to raise interest rates a lot, with inflation at over 100% one would have to raise interest rates by probably 30% just in the first move, historically interest rates have had to go above core inflation rates to return a currency to having a stable real value, raising the interest rates would slow the governments ability to borrow and print and they would have to become a grown up fiscally responsible government and/or go bust. The problem with doing it this way is this would bankrupt many businesses and individuals and thus would stifle any chance of a reasonably quick economic and social turn around because the businesses that create the wealth and taxable incomes would be gone, plus the inflation isn't the fault of Businesses or individuals, it's the fault of the old governments policy makers.
By devaluing the Peso like the new Argentina leader has done, doesn't wipe out the businesses, they continue trading and creating wealth and real jobs for the country, then all he does is get rid of everything thats non essential in the government, like all the ministries he's vaporised, they should sell off and privatise everything they possibly can and then once one has cut government spending as much as possible then one has to focus on the countries economic growth and this would mean the removal of many many regulations to increase productivity, restoration of natural freedoms for pepole, create policies that attract investment nationally and internationally, ensure tax rates and the general business enviroment is globally competitive.
I'd also be re-negotiating with the international creditors and explaining to them they going to need to have some big haircuts or just entirely writeoff all the extremely risky loans they foolishly chose to make.
