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There’s a saying in developmental economics. There are four kinds of economies in the world: developed, undeveloped, Japan, and Argentina.
It’s really mind-boggling how Argentina’s economic troubles never end, under socialist governments and neoliberal ones, with a pegged exchange rate and a floating one, under high global interest rates and low ones.
Fuck man I’ve been wanting to buy some Yuans to save some money but I think they only sell them at Buenos Aires.
Argentina literally has a psychological dependence with the dollar, it’s so disgusting.
A lot of countries still do. I think we’ll have to wait a few years, but dedollarization is definitely in motion now and I don’t think the process can be arrested or reversed at this point.
