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dragut

2,200 Posts.

25/08/23

16:16

Post #: 69553996
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Originally posted by dynom24: ↑

Eh those countries are either poor, overly misogynistic, overly corrupt or going down the gurgler economically.

But hope is better than no $dollar, I suppose...

https://www.reuters.com/markets/argentines-rush-dollar-safety-election-uncertainty-looms-2023-08-16/
Argentines rush to dollar safety as election uncertainty looms
There are some well-known arguments against dollarization, but most of them are based on either misunderstandings or wishful thinking about what Argentina can achieve without dollarization.
https://www.washingtonpost.com/business/2023/08/18/argentina-s-future-is-promising-with-the-dollar/4c7ba2e2-3db2-11ee-aefd-40c039a855ba_story.html
Argentina’s leading presidential candidate, Javier Milei, has some unorthodox ideas about policy (he wants to abolish central banks), politics (he is libertarian) and pets (he has five cloned dogs). One of his proposals, however, is simple common sense: dollarizing Argentina’s economy.

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Untrue. UAE and Saudi Arabia are much richer than Australia with zero income tax and free education from Kindergarten to PhD and the government offers free airfare and accommodation if their citizens are admitted by US universities. Australia's social welfare is just bull shit compared with gulf nations.
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