Argentina needs a recession, not dollarization

[MilHojas]

Argentina needs a recession, not dollarization, to tackle the peso crash, an economist says

Argentina needs a recession - not dollarization - to fix its plunging currency, according to Robin Brooks, chief economist at the Institute of International Finance.

markets.businessinsider.com

 

[Jtee125]

I tend to find the people who desire a recession are those that suffer least under the consequences of one

 

[earlyretirement]

I still say Dollarization will never happen for a lot of different reasons. I read many of that author's post on Twitter and he comes across as a level headed guy. However, lots of these "experts" only look at things on paper. They don't really understand how Argentina works and some of them probably have never even stepped foot in the country. But much of what he is saying is true.