Yet the Argentine “Libertarian” wants to make the U.S. dollar the Argentine currency. There seems to be an intellectual diaconnect there.
In the clip he’s talking about Bitcoin
Yeah but compared to what they have now it is a step up. They had over 100% devaluation of their currency last year alone. Can you imagine how disruptive that is to the people living there? The US dollar itself will probably be devalued over time because of our insane and unpayable debt but it’s still a better choice than what they have now.
When I was in Ecuador, some of the better off people really liked having the US Dollar as currency. They felt that since their politicians could not print more dollars, they had to implement regulations that encouraged more export of “things” to bring in more dollars. They felt it kept the politicians from doing crazy things like just printing money as fast a possible, which would cause hyper inflation to happen. At least that was the story, I got from middle class to more better off individuals in Ecuador.
Kind of wish we, in the US could figure out a way to keep our politicians from printing too much money.