this post was submitted on 24 Oct 2023
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chapotraphouse

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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.

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[–] ikiru@lemmy.ml 2 points 1 year ago (1 children)

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.

[–] supafuzz@hexbear.net 8 points 1 year ago (1 children)

do you see a lot of articles citing sources for well-known, uncontroversial facts?

[–] ikiru@lemmy.ml 3 points 1 year ago

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.