The Peter McCormack Show
#143 – Emmanuel Maggiori – The Economics of State Failure
Feb 05, 2026
· 3h 3m
<p>Emmanuel Maggiori joins me to explain how inflation, incentives, and broken monetary rules quietly reshape behaviour inside an economy.</p> <p>From Argentina's black markets and capital controls to money printing, MMT, saving vs spending, and institutional credibility, we explore why inflation destroys trust long before it destroys prices — and why countries don't collapse overnight, but drift into dysfunction as rational people adapt.</p> <p>- - - - - - - - - - - - - - - - - - …
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