Argentina has formally announced it won't join the BRICS bloc of developing economies. Friday's announcement is just the latest in a dramatic shift in economic policy triggered by Argentina’s new far-right President Javier Milei.
It’s the euro even a good idea? Convenient for tourism and trade sure, but according to MMT it hamstrings a countries ability to invest in it’s economy and makes government loans fraught.
Because the governments would no longer be able to fake the exchange rate, and their socialist policies would’ve been reveald as a scams they are, without the keys to the money printer.
Also, who would be in charge of the monetary union? A bunch of countries that couldn’t even managed their own monetary systems?
Going with an existing foreign currency as a base is probably better until the situation stabilizes a bit.
Good riddance. Can’t take a country keen on dollarization into an organization who’s primary goal is dedollarization.
It’s the euro even a good idea? Convenient for tourism and trade sure, but according to MMT it hamstrings a countries ability to invest in it’s economy and makes government loans fraught.
Uh? Who said EU countries can’t contract loans or invest in its economy?
Why doesn’t south America agree on a single currency like the Euro?
The Peso. The Sol. The Amero.
Because the governments would no longer be able to fake the exchange rate, and their socialist policies would’ve been reveald as a scams they are, without the keys to the money printer.
Also, who would be in charge of the monetary union? A bunch of countries that couldn’t even managed their own monetary systems?
Going with an existing foreign currency as a base is probably better until the situation stabilizes a bit.