"So has anyone got any detail on what the Argentinian is actually trying to do."
They are trying to increase aggregate supply by implementing their own version of supply side economics.
"Supply-side economics is a macroeconomic theory postulating that economic growth can be most effectively fostered by lowering taxes, decreasing regulation, and allowing free trade. According to supply-side economics, consumers will benefit from greater supplies of goods and services at lower prices, and employment will increase. Supply-side fiscal policies are designed to increase aggregate supply, as opposed to aggregate demand, thereby expanding output and employment while lowering prices. Such policies are of several general varieties.:"
Here one as to remember that inflation is a tax and that one of the ways that they are trying to lower the need for such tax is by given away their right to have their own independent monetary policy. As a matter of fact, they have announced that they want to use the US dollar as their currency and in that way to put the execution of their monetary policy in the hands of the Federal Reserve System of the USA. In monetary terms, what is good for America has to be good for Argentina, which certainly seems to be true while the Fed's policy is centered upon the need to curb inflation.
