Shardikprime@lemmy.world to World News@lemmy.worldEnglish · 1 month agoArgentina inflation slows to 4% in July after spiking month earlierwww.reuters.comexternal-linkmessage-square10fedilinkarrow-up141arrow-down17
arrow-up134arrow-down1external-linkArgentina inflation slows to 4% in July after spiking month earlierwww.reuters.comShardikprime@lemmy.world to World News@lemmy.worldEnglish · 1 month agomessage-square10fedilink
minus-squareGsus4@mander.xyzlinkfedilinkEnglisharrow-up3·edit-21 month agoYeah, it seems to have worked as expected. Dollarization works to reduce inflation. Now it comes down to a choice: do you impose capital controls and leave monetary sovereignty to the US? (or something hybrid to facilitate import/export) https://en.wikipedia.org/wiki/Impossible_trinity
minus-squareAvid Amoeba@lemmy.calinkfedilinkEnglisharrow-up2·1 month agoTo some it isn’t obvious that free capital flow is a bad idea for multiple reasons.
Yeah, it seems to have worked as expected. Dollarization works to reduce inflation. Now it comes down to a choice: do you impose capital controls and leave monetary sovereignty to the US? (or something hybrid to facilitate import/export)
https://en.wikipedia.org/wiki/Impossible_trinity
To some it isn’t obvious that free capital flow is a bad idea for multiple reasons.