The good news is that President Javier Milei seems to be backing away from plans to dollarize the Argentine economy. That is also the bad news.

Don’t get me wrong: Dollarization would be great — if the country had a spare $30 billion to back each peso with dollars. But Argentina doesn’t have that extra money ready at hand, and so the Milei regime is looking for some form of dollarization that can both work and be worthy of the name.

QOSHE - Dollarization or Not, Argentina’s Future Will Be Expensive - Tyler Cowen
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Dollarization or Not, Argentina’s Future Will Be Expensive

20 1
23.05.2024

The good news is that President Javier Milei seems to be backing away from plans to dollarize the Argentine economy.........

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