Inflation Inflation has been the major economic problem that Latin America has faced in the past century. Inflation is when the currency of a country is losing value, and the price of goods is increasing. In Latin America’s case inflation came into play when the governments of Latin American countries were spending money they didn’t have, and deficits grew and grew. So they could keep spending money, the governments would print more money, …showed first 75 words of 720 total…

…showed last 75 words of 720 total…in order to stop inflation. But these solutions are politically dangerous to them. They could plunge the country into unrest or threaten their base of popular support. They see it, as their political careers would be finished. But what they are doing now is keeping up with the inflationary spiral, and it’s putting off the economic problems, and making them much more difficult to fix. But they are determined to keep inflation ------------------------------------------------------------------------ **Bibliography**