Mises Wire
Author:
Nicolás Cachanosky
Online Publish Date:
This article is also available as an Audio Mises Daily At the time of this writing, Argentina is a few days away from formally defaulting on its debts.How could this happen three times in just twenty-eight years? Following the 2001 default, Argentina offered a debt swap (a restructuring of debt) to its creditors in 2005. Many bondholders accepted