Comments on: Thousands of Argentines rally for pay rise https://www.eutimes.net/2014/03/thousands-of-argentines-rally-for-pay-rise/ We deliver exclusive hidden news that you won't just find anywhere, information that nobody wants you to know about. Updated 1 minute ago. Fri, 14 Mar 2014 01:10:38 +0000 hourly 1 https://wordpress.org/?v=6.4.3 By: Zharkov https://www.eutimes.net/2014/03/thousands-of-argentines-rally-for-pay-rise/comment-page-1/#comment-84339 Fri, 14 Mar 2014 01:10:38 +0000 http://www.eutimes.net/?p=31562#comment-84339 Once again, the Argentine government made the mistake of printing too much paper money, causing increased inflation which causes increased wage demands.

Have they learned nothing about fiat currency from the Weimar Republic and printing too much paper money for war reparations, causing hyperinflation?

National leaders should have learned long ago that they cannot keep printing paper money to cover their debts, but must strive to live within their tax revenues and stop borrowing from foreign lenders.

When too much currency is printed, it is the same as stealing the savings of their people – the purchasing power is diluted by all the new currency and rising prices caused by currency excess. Government officials who deliberately devalue the currency should be charged with the crime of embezzlement.

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