Comments by "Zach B" (@zachb1706) on "A Chainsaw to the Economy?" video.

  1. Technically the currency is pegged, the central bank has simply ran out of money to support it so the black market rate is 3x the price. But the reason a peg won't work is it's too easy for future governments to manipulate. The main point of Dollarisation is to prevent future governments from printing the currency to fund their out of control spending.
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  2. A currency peg is much less resistant to political pressure. The second a socialist president returns to power the peg would be cut to help fund their radical spending.
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  3. Yeah reminds me of Hitler too! Except he's not mobilising a military to take over the world, systematically murdering Jews and disabled people, forcing people to join the military or do manual labour for the state, burning books and censoring dissenting views, and pretty much anything else Hitler did.
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  4. Pegs don't work because the next president would ditch them in a heartbeat to fund their socialist policies.
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  5. The media is fucking corrupt. "Far Right".
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  6. Can tell you dont watch this channel much šŸ˜‚
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  7. Ā @shock_n_AwefulĀ  lets just say, he's a bit of a joker
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  8. šŸ˜‚
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  9. There was a third option
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  10. Because socialism has worked so well
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  11. Ā @grimaffiliations3671Ā pegs to more valuable currencies lower inflation.
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  12. His policies are only radical because we've become numbed to authoritarianism. Go back 120 years when America was still productive and growing, he'd fit right in.
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  13. Because the alternative was the Minister of Economy šŸ˜‚
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  14. You have no proof, just cognitive bias
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  15. ā ā€‹ā Ā @markwilliams2620Ā sounds good to me.
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  16. "Deregulation and free market would only work if your society..." It's worked countless times. One thing you'll notice amongst the richest countries in the world is they're all capitalist šŸ˜‚
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  17. The alternative is default, that's a much bigger and more sudden shock.
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  18. No?
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  19. Ā @steven-davidĀ  hmmm, looks like Thatcher to me. That hair is unmistakable
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  20. That's the "official" rate. The real rate that argentinians follow was already devalued past this point months ago
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  21. That's not true. He said they will be partners of business, but if course he doesn't want to join them politically. They're both authoritarian socialist countries.
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  22. You're regarded
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  23. It's either austerity measures or a 4th default in 20 years.
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  24. You'll notice this only happens in countries that have irresponsibly managed their currency.
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  25. ā ā€‹ā Ā @JulioLenin88Ā so Milton Freidman was like a creationist working on evolution?
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