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> So my suggestion is quite simple. The solution for Argentina is to let the central bank be in charge of "money printing" and get rid of all political influenc
by robomartin 3y ago
> So my suggestion is quite simple. The solution for Argentina is to let the central bank be in charge of "money printing" and get rid of all political influence on it.
Interesting comment (all of it). However, and with all due respect, it sounds like what an economist would say.
Anyone: Kindly post a list of ten billionaires or moguls of industry who have degrees in economics.
Last time I looked, that's an empty set. There are none.
Economists are fantastic about launching into complex explanations of everything, and yet, if I had to trust someone with my money the last thing I would do is give it to an economist. They don't know what they are talking about.
This suggestion about Argentina is a perfect example of this. Having lived there, I can tell you that what you are proposing as "simple" is in a range between impossible and ridiculous.
One of the problems with Americans --if I were to generalize-- is that we are not taught anything about the failures in the histories of nations, particularly those in our own continent. Nobody learns from success before first learning from failure.
I have always --for decades now-- referred to Argentina as "A time machine for the United States". Everything you see happening in the US today and going back a number of years has happened in Argentina multiple times over time.
In more general terms, this is true of all of Latin America combined.
Except for those of us who have spent a non-trivial amount of time outside of the US, the rest of our population is utterly ignorant of history and culture outside their own cities. This it terrible. And this is reflected in the way the population of the US votes. Which is to say, they elevate stupidity to a virtue.
Everything happening in the US today has happened elsewhere. We know exactly what the outcomes could be. None of it is good. This is not a formula for excellence, growth and self-reliance. The outcome will not be pleasant.
I wonder who will sing "Don't cry for me USA" in the musical?