What happens if Argentina shuts its Central Bank? Will Argentinians be stacking gold coins while unemployed bankers shine shoes? Recent history in other countries suggests that getting rid of the central bank is easier than it looks. And it would certainly end Argentina’s inflation nightmare and set the economy back on the road to prosperity. It could even inspire dozens of other countries.
What happens if Argentina shuts its Central Bank?
Will Argentinians be stacking gold coins while unemployed bankers shine shoes?
Recent history in other countries suggests that getting rid of the central bank is easier than it looks. And it would certainly end Argentina’s… pic.twitter.com/j9HSHRhtJS
— Peter St Onge, Ph.D. (@profstonge) December 2, 2023
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Companion article to today’s video: What if Argentina Shuts its Central Bank? “The two main functions of a central bank are money printing and banking regulation — regulation meaning, in practice, bailing out insolvent banks. Both would end.” Substack
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— Peter St Onge, Ph.D. (@profstonge) December 2, 2023
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- Javier Milei, the new President of Argentina, has promised to get rid of the Central Bank of Argentina. His plan is to shift the Argentina economy to the US Dollar. While we regularly criticize our own Fed central bankers as incompetent fools, they are not nearly as bad as Argentina’s central bankers have been. This will be interesting to watch. – Wall Street Silver
— 🔥⭐️Edwin⭐️🔥 (@Nuked4Every1) December 2, 2023
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