Javier Milei has backed down on his election promise to replace the peso with the dollar to revive the flagging economy. Despite the U-turn and runaway inflation, opinion polls show strong public support for Argentina's new president.
Gold standard isn’t an odd choice, it was used for many thousands of years. It’s just odd today because no countries still use it.
And while a Bitcoin standard sounds crazy, if you lived in Argentina, you’d probably rather keep your savings in Bitcoin (despite all its problems) than in the peso.
How could such an odd choice benefit them?
Honest question.
I understand the other user’s point is that repetition of this story is inevitable and any attempt is better.
Gold standard isn’t an odd choice, it was used for many thousands of years. It’s just odd today because no countries still use it.
And while a Bitcoin standard sounds crazy, if you lived in Argentina, you’d probably rather keep your savings in Bitcoin (despite all its problems) than in the peso.