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)

[–] qyron@sopuli.xyz 8 points 2 years ago (2 children)

How could such an odd choice benefit them?

Honest question.

[–] Infiltrated_ad8271@kbin.social 0 points 2 years ago

I understand the other user's point is that repetition of this story is inevitable and any attempt is better.

[–] doylio@lemmy.ca 0 points 2 years 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 1 points 2 years ago* (last edited 2 years ago)

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

[–] avidamoeba@lemmy.ca 8 points 2 years ago

[–] Omega_Haxors@lemmy.ml 8 points 2 years ago (2 children)

Thank fuck I was genuinely terrified for the Argentine people.

[–] belated_frog_pants@beehaw.org 8 points 2 years ago

I mean i still am. The poverty and ridiculous inflation has already been happening. Unemployment is staggering. They are not doing well :<. I feel for the people.

[–] GissaMittJobb@lemmy.ml 4 points 2 years ago

Milei is still in power so you should probably keep being terrified my friend

[–] PanArab@lemmy.ml 6 points 2 years ago (1 children)

He will back track on BRICS but I would rather take Bangladesh. It actually has potential and isn’t run by a crazy person

[–] intelshill@lemmy.ca 4 points 2 years ago

I'd rather take fucking Venezuela. BRICS is an uplifting mechanism as much as it is a global faction.

Growth in trade amongst BRICS is immense and that's exactly what Venezuela needs right now.