https://www.cnn.com/2023/10/23/business/javier-milei-argentina-dollerization-explainer/index.html
Such a move would effectively disband Argentina’s central bank, handing the reins of monetary policy — that is, the power to set interest rates and print more money — over to the US Federal Reserve. The Fed would continue to set the cost of borrowing based on the needs of the US economy, not Argentina’s.
Milei has argued that surrendering autonomy to Washington is a necessary step to instil discipline into Argentinian policymakers. It would mean Argentina would no longer be able to print money.
Anarcho.
Wants to give his country's monetary policy over to the world's largest imperialist superpower.
Does he know what 'anarcho' means? I don't think he do
Its such baby-brained econ 101 thinking.
"Guys, Argentina has an inflation problem because we have ~~a chronic shortage of consumer goods~~ too many pesos. If we just switch to a currency that is also in short supply then, ~~we'll transform into an export market that ships off even more of our scarce consumer goods~~ we'll keep prices low."
i cant believe im saying this but he should've gone with some crypto he made up.
Also, :lionel-hutz: That's a typo, it's supposed to say "An Arch-Capitalist"
I haven't gone out of my way to investigate, but the funny thing is that they say "self-professed anarcho-capitalist" in articles like this one yet everytime they link a reference it doesn't have any proof he identifies that way.
This article doesn't even link to a reference for that claim. It's possible he does identify that way and I haven't encountered a solid reference, but I think it's just propaganda to create hysteria over and muddle the waters over the meaning of anarchism.
He has literally dressed up as a black and yellow ancap superhero
It was hella cringe
All right, I guess he probably does identify as a braindead anarcho-capitalist then but my point still stands that all the articles I've read at least haven't linked any proof when mentioning it.
He is now officially the Anarcho-Leader.
I hope he and Guaido can work together to turn their countries around.
do you see a lot of articles citing sources for well-known, uncontroversial facts?
I'm not trying to argue about it, but it's not as if everyone has followed Milei's career to know this as a well-known fact and it's not uncommon to have a citation when you put something in "quotations" like this as if the person in question literally said it.