Radical libertarian Javier Milei seizes victory in Argentina presidential election
(www.ft.com)
from some_guy@lemmy.sdf.org to world@lemmy.world on 20 Nov 2023 14:16
https://lemmy.sdf.org/post/7933569
from some_guy@lemmy.sdf.org to world@lemmy.world on 20 Nov 2023 14:16
https://lemmy.sdf.org/post/7933569
#world
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Even after I expanded the image, I still thought that was Joaquin Phoenix and Ann Coulter for a second.
Wow, I didn’t think Argentina’s economy could get any worse but hey… let’s throw some libertarianism in there and see if we can unseat Zimbabwe for the record!
It’s behind a paywall.
archive.is/h9xWV
…I really think we shouldn’t allow paywalled articles.
Guess it’s time for Argentina to issue a new currency.
Sovereignty over monetary policy is extremely valuable and dollarization will simply trade one problem for many others.
What other issues could appear?
Argentina has been economically screwed for decades, switching to USD entirely or pegging their currency to the US dollar will probably not change too much one way or another. From what I understand this won’t happen any time soon - if at all - considering the state of their economy and the fact that it would be an unpopular move with most people, at least in the short term.