• doylio@lemmy.ca
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    10 months ago

    I think his rationale is to take away monetary control from future administrations, which I think is a laudable goal. Argentina should be the richest country in South America, but its people keep getting robbed by the printing press. I wonder if going to a gold standard (or if they feel like rolling the dice, a Bitcoin standard) would be a better option.

    (Cue the anti-crypto arguments because I mentioned Bitcoin)

      • doylio@lemmy.ca
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        10 months ago

        Gold standard isn’t an odd choice, it was used for many thousands of years. It’s just odd today because no countries still use it.

        And while a Bitcoin standard sounds crazy, if you lived in Argentina, you’d probably rather keep your savings in Bitcoin (despite all its problems) than in the peso.

    • KinNectar@kbin.run
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      10 months ago

      Maybe a Swiss Franc or Japanese Yen peg might suit them better, if they could buy enough volume.