There is very little reason for hope, especially with the IMF subsidizing Argentina’s profligacy

When the arsonist is shocked by the fire.

The Fed made a mess with bad monetary policy and only the Fed can fix that mistake.

What if the central bank is buying government bonds because of concerns that there otherwise won’t be enough buyers?

Keynesianism has a history of failure when looking at real-world evidence.

The Fed created too much money in 2020 and 2021 and set the state for economic instability.

When governments finance deficits by having central bank create money there is every reason to expect inflation.

Feeling the hangover from easy money.

All the bad monetary policy led to bad results.

Blame the Fed.