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Emmanuel Maggiori

Emmanuel Maggiori

Researcher

Jun 9, 2026

14:00
Mm.
14:00
I've seen that in Argentina.
14:02
Everybody knew that [laughs] the shelves were empty.
14:05
We didn't get cheaper products.
14:06
It was just, you know...
14:07
And, and everybody knew that the government was pretty much using those controlled prices to calculate the, the, the consumer price index, but nobody could actually buy those products.
14:18
Uh, and then you see MM- the new generation of MMTers saying price controls, but also currency exchange controls, right? When I left Argentina in 2014, um, there were capital controls, right? So you couldn't buy foreign currency, and, um, there was a whole gigantic black market of currency.

25 MINS LATER

39:46
Mm

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