why-does-the-new-president-of-argentina
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00:00 - Intro
00:45 - 2023 Presidential Elections
02:13 - what is Dollarization?
02:45 - Advantages of Dollarization
04:45 - Disadvantage #1: Loss Of the Printing Machine
05:35 - Disadvantage #2: External Shocks
06:45 - Why the US dollar wins?
07:45 - BRICS vs China Vs USA
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Hey guys, have you heard about the possibility of Argentina replacing their peso with the US dollar as their official currency? Well, let me tell you, there are some serious benefits to this move!
First of all, it would bring much-needed stability to the Argentine economy. You see, the peso has faced numerous devaluations and hyperinflation in the past, which has led to economic crises and political instability. By adopting the US dollar, Argentina would benefit from the stability and credibility of the world's largest economy.
Secondly, it would make it easier for Argentina to access international financial markets. A stable currency reduces the risk of default, which makes it more attractive for investors to lend to the country. This would provide Argentina with greater financial flexibility, allowing them to invest in key areas such as infrastructure and education.
Finally, it would promote trade and investment by reducing transaction costs and increasing confidence in the economy. As the US dollar is widely accepted and trusted around the world, it would make it easier for Argentine businesses to trade with other countries, and for foreign companies to invest in Argentina.
Javier Milei, a presidential candidate for 2023 is running on an idea of changing the peso to the US dollar. Javier Milei is a controversial economist and professor who has announced his candidacy for president of Argentina in 2023. His libertarian views and sharp criticism of the country's political and economic system have gained him a following among some sectors of society, while others have criticized his ideas as extreme and unrealistic.
Sure, there are potential downsides to dollarization, but overall we believe that the benefits outweigh the risks. So, what do you guys think? Would dollarizing the Argentine economy be a good move? Let us know in the comments!
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https://www.youtube.com/watch?v=vIAZh73EKRk
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Created
2 weeks ago
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video/mp4
English