Plenty things that I disagree with this video, but I’ll focus on tidbits.
so I’d say it is an illegal market, but pseudo-legal if you look at it day to day
Another way to look at this is to say that Argentina has notoriously sloppy law enforcement, and this creates a vicious cycle where laws aren’t enforced, people don’t expect them to be enforced, and people disregard the laws even further. (Note: this applies to most other governments in the Americas, I’m aware. Including the one that I pay taxes to.)
After all, why would your typical porteño bother with the “you can only exchange X dollars per month” law, if he can travel 2~3h and exchange them in Montevideo instead? And then go back home and say “hey, I exchanged some dollars, I can help you out but I’ll want some profit out of it. You know, to cover the cost of the ferry.”
And that’s perhaps the biggest damage caused by the governments between 1930 and 1983, including both of Perón’s terms, but specially the military juntas. Usually under a junta nothing fucking works, but the population still needs to live, so they, well, circumvent the law to keep doing their things as usual?
Printing money, from 7:18 - money printing is basically an undeclared tax that the government gets from the population. Except that it’ll hit specially bad the poorer population.
I don’t know how to solve this and I won’t pretend that I do.