https://www.cnn.com/2023/10/23/business/javier-milei-argentina-dollerization-explainer/index.html

Such a move would effectively disband Argentina’s central bank, handing the reins of monetary policy — that is, the power to set interest rates and print more money — over to the US Federal Reserve. The Fed would continue to set the cost of borrowing based on the needs of the US economy, not Argentina’s.

Milei has argued that surrendering autonomy to Washington is a necessary step to instil discipline into Argentinian policymakers. It would mean Argentina would no longer be able to print money.

  • Emanuel@lemmy.eco.brEnglish
    3·
    1 year ago

    Milei isn’t the front-runner like Bolsonaro was in '18 or '22. But the dynamic is comparable.

    I actually meant 2018, lol. Brain fart.

    There’s a standing belief among western pollsters that Massa is at his ceiling of support and all the third-party voters will consolidate around Milei. No idea if that bares out. But its definitely possible.

    I really hope that’s just propaganda. Though I’ve come to expect some really bad things from South American voters since this last fash-conservative wave of elected candidates.