Argentina Set to Default for 3rd Time in 28 Years

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Flag_map_of_Argentina.svgUnless something major happens soon, Argentina is going to default on its debt for the third time in three decades, capping the glorious and criminal reigns of Nestor and Cristina Kirchner. For an easy-to-understand explanation of what’s behind the default, see yesterday’s Mises Daily article by Nicolás Cachanosky.

Meanwhile, Christopher Westley at the Mises Blog, hopes the Argentine state defaults. 

10:29 am on July 31, 2014