Dollarization May Work Better on YouTube Than in Reality

[Caribbean Cool]

For Argentina, Dollarization May Work Better on YouTube Than in Reality

Anarcho-capitalist President-elect Javier Milei is right that the country desperately needs dollars. But his economic plan for getting them may be the wrong one.

www.wsj.com

Archived version

 

[Agribotics]

The money quote:

"Argentina . . . as economist Marcelo Diamand described back in 1969, suffers from an “unbalanced productive structure.” It is the only nation in the world where agriculture is dozens of times more productive per capita than industry, World Bank data shows."

 

[mageesa]

The money quote:

"Argentina . . . as economist Marcelo Diamand described back in 1969, suffers from an “unbalanced productive structure.” It is the only nation in the world where agriculture is dozens of times more productive per capita than industry, World Bank data shows."

A friend once quipped that Argentinas economy is what would have happened if the South had won the US Civil War... which might help explain the Confederate flags at Milei rallies? Now we have to unravel their deep ties to New Hampshire... (just kidding, of course)