With inflation running at 25%, government spending continuing to boom, and its central bank...

|By:, SA News Editor

With inflation running at 25%, government spending continuing to boom, and its central bank chief stoking the money supply, Argentina seems on the cusp of another hyperinflation. For now, life is good. "The first effect of any inflationary process is euphoria," says an ex-cabinet official. ARGT -2.9% since inception.