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This is the Tom Hartman program.

So in Argentina, don't cry for me, anyway, in Argentina, the inflation rate is around 70%

right now and some observers are predicting over on Bloomberg that it could hit as high as 100%

by the end of this year. What the heck is going on and what does this mean for the various crises

occurring around South and Central America have a considerable impact on us, particularly when

their citizens end up on our southern border. Online with us is our old friend Mark Weisbrot, the

co-director, he's not old, he's been our friend for a long time, the co-director of the Center for

Economic and Policy Research, CEPR, the president of just foreign policy, the author of

failed. What the experts got wrong about the global economy, the website CEPR.net,

he can tweet him at Mark Weisbrot, W-E-I-S-B-R-O-T on the old Twitter machine.

And Mark, tell us what's going on here down in Argentina. How did it get to this?

Well, that's a good question to start with and this is really something that the

president government inherited from the previous one. The previous one was a right-wing government,

was it not? That's right and we'll get to that in a minute, but I mean they came in in 2015,

and in 2018 they signed an agreement with the IMF for the largest loan that the IMF has ever

...