👑 https://video.nostr.build/64630dcef6012bf8d5a415f5f47cb03a6086b8211f5c183b5ba7acf3cf3e0749.mp4
How is the amount of pesos going to be fixed? 😆
Milei wants to disassemble the powers of the Argentine Central Bank so they can no longer print money. He hopes that will force exports of worth will actually drive currency creation, since the amount of pesos will be affixed to whatever is in circulation today.
I suppose base money (m0) can be fixed. Broader money (m1, m2 and m3) I think cannot be fixed. I don't think they need to or should be either.
Fiat is broken by design
Fiat is broken yes, but we'll still have broader money in the form of credit and IOU's on a Bitcoin standard
Not mortgages and credit cards and car payments. Earlier generations (in America at least) did not need them when the money was less inflationary.
If I'm not wrong, you're saying the quality of credit instruments will improve. If so, I agree with that. India is a savings-driven economy for the most part, as hard assets are the norm here. But the proliferation of fiat money is putting people who stick to hard assets at a disadvantage without them even realising it. Fiat money has to be abolished, else we are fucked.
Wonder if his plan align w the nazi in his country....? Wonder if he is part of those global degenerate so call leaders...? Wonder if he is tie w bill gate...? Wonder if he could lie to everyone ... ? if one of those reply is a no, please read more. And stop putting faith in people, u are going to be wrong every time.
Ideas are bigger than one man and his alleged deeds. I put my faith in ideas. What matters in this context is his policy to enable a competition between currencies. I like that policy.