What Dollarization Says About Returning to the Gold Standard

From SCHIFFGOLD

Everyone’s heard of Javier Milei, the new president of Argentina, called by Fox News the world’s first libertarian president. He has been in the news for his denunciation of leftism, Marxism, and the sprawling bureaucracy that has trapped Argentina in debt. He’s also taken aim at run-away inflation in Argentina. Inflation in the last year was over 200% in Argentina, a rate that the United States hasn’t reached, even with Biden-levels of inflation.

But what might surprise some, given Milei’s libertarian leanings, is that he promised to get his country to use the American dollar. Why and what does it say about the future of fiat currency?