Argentina’s Insatiable- and destructive- appetite for U.S. dollars

The Washington Post – Roberto A. Ferdman 

Published: July 31, 2014

Difficulty rating

Rating: 3 out of 5.

Credibility rating

Rating: 4 out of 5.

Preview

This article talks about why Argentinians hoard US dollars like they do today. According to the article Argentinians have done this for years but the author traces the sudden increase in the demand for US dollars currency controls put in place by the government in 2011. Essentially limiting access to US dollars just made them more desirable making it difficult for Argentina to build its international reserves, it’s also causing the export industries to withhold their goods instead of selling them.

Author

Roberto A. Fredman has a BA from Brown University where he studied Math and Economics

Analysis of Potential Bias

  • The article also input from experts in the field
  • There is some information from an unknown source, so that information cannot be taken as fact.

Article Decryption

The article is pretty easy to understand, straight to the point and doesn’t use language the average student would not understand. There is a graph included in the article which nicely sums up the decline of Argentina’s international reserves. The graph is not confusing, it’s pretty straight forward, easy to understand and not misleading.

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