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11 sats \ 0 replies \ @flat24 31 Dec 2024 \ parent \ on: The dollar as a reserve currency and the Cantillon effect econ
Here I do not agree with you, I cannot agree
- Milei is not going to dollarize Argentina, that is, replace the Argentine Peso with the Dollar. What Milei is allowing is the free trade of currencies, in order to break the existing exchange system that handles two different prices.
- It is not about whether the dollar is more stable than the peso or not. Milei stopped inflation, turning off the machine and allowing the peso to recover strength. Milei wants to recover the currency of the country, not adopt that of another.
- Nobody here is saying that the US is to blame for the world's problems, at no time has such a position been said or hinted at. It was simply said as it is part of the functioning of the dollar in the world.