Comments by "Grim Affiliations" (@grimaffiliations3671) on "Far-right populist Javier Milei takes shock lead in Argentina primary election" video.

  1. it won't be your country, it will be a client state of the USA is you dollarize
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  2.  @maurice22ravel  Yes but it is possible to come out of hyperinflation without surrendering your countries future the the whims of the USA
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  3.  @waywardgeologist2520  You don't need to surrender your monetary sovereignty in order to get out of hyper inflation, the Brazilians did it. Dollarizing your economy is the cowards way out, and bound to leave Argentina begging at Americas feet
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  4.  @maurice22ravel  Yes in the Argentinian situation. Brazil came out of hyper inflation without surrendering their fiscal capacity by taking up a foreign currency
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  5. he's suggesting they dollarize the economy, that's the apposite of peace
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  6.  @atticusherodes6648  that's nonsense. We'd still be in a depression ever year if not for his teachings. But his work was incomplete. Post-Keynesians mmt economists have it right
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  7.  @atticusherodes6648  not having the fiscal capacity to spend counter cyclically during times of recession is a recipe for disaster. Had we waited for the "natural recovery" you speak of, we would not have recovered from the 2008 crises, let alone the corona virus recession
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  8.  @atticusherodes6648  I didn't say anything about central planning. That's not what im talking about at all
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  9.  @HawksBeast  lol what a ridiculously simplistic opinion
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  10.  @HawksBeast  Neither was anything you said lol it was nothing more than an overly simplistic 5th grade level opinion
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  11.  @HawksBeast  you'd have to provide actual sources and rationale. Not just "this caused that"
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  12.  @chewbaca6971  India lifted all those people out of poverty with a lot of government intervention. Argentina will not be able to do that if they surrender their currency to the dollar like this fool is calling for
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  13.  @santinochamorro7344  they devalued the peso by endlessly printing in order to buy the dollars they needed to pay off their dollar denominated debts. Dollarizing would drop the inflation rate, but at what cost? You will have given away all of your monetary sovereignty, and you will constantly have to find way to earn dollars. If oil prices tank again, you're pretty much screwed, and since you have no further control of interest rates, you will be forced into a permanent state of destitution
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  14. ​ @santinochamorro7344  You can drop the inflation rate without selling your soul to the US. First, adopt a floating exchange rate policy and remove the interest rate peg to the US dollar. Trying to defend the peg allows the market to take over your ability to control interest rates because you need to use up your dollar reserves, and anytime it looks like you're running out of dollars, the market is able to shoot up your interest rates. Yes, this will cause a short term devaluation of the peso, but you will stabilize and recover, just like Mexico and Russia did in the 90's. And secondly, once you adopt a floating exchange rate policy, you will gain control of your interest rates again, so you must pin the rate to 0%. having your interest rate at over 130% is completely insane. This ridiculous interest rate is the main reason your inflation rate is so high. This generates a constant flow of pesos directly into the international currency markets where pesos are exchanged for dollars. This dynamic floods the foreign exchange markets with pesos and causes the peso to devalue constantly. Not to mention all the printing you're forced to do to pay for all that extra interest on the debt.
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