clodhopper
Get off my lawn, punk!
You avoided my question. Argentinian currency is in an out of control inflationary spiral. Two options, dump it and adopt another currency that is in place, or start from scratch with a new one. #2 takes much longer and has significant risk of just following the original currency. Javier knows the politicians cannot be trusted to not raid the currency again, so taking on another country's currency is a strong move. If that is accepted, what currency do you pick?If they're adopting the USD, they're extremely far down the pipeline from the origin of inflationary currency (cantillion effect, if you wanna google it)
pretty much... Whoever is in control of printing the USD is able to tax the holders of the USD. Inflationary "taxation" isn't one that can at all be avoided or protected against. The only way to avoid it is to have no USD in your hands or accounts. The only way to benefit from it is to have a large debt in USD on your books, or to be one of the first receiving the freshly printed currency.
There's an extreme depth to monetary theory, and there are guys out there who simplify it much better than I can.
I'm gonna PM you a couple free books, read them if you want.
I appreciate the book recommendations. But if I had time to read a book...... Maybe one day when I am no longer useful to general society or get tossed in jail for being a political threat.