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Don’t Cry for the Peso, Argentina

Like clockwork, the Argentine peso collapses every decade or so, throwing the South American country into chaos. For Steve Hanke, economics professor at Johns Hopkins University and director of the Troubled Currencies Project with the Cato Institute, the only way out is what regular Argentines already do whenever a new crisis looms large: convert their pesos to dollars. If not dollarization, which has been successful in taming hyperinflation and government indiscipline across the world, he argues a gold-backed currency board would be equally effective. Show notes: https://goldnewsletter.com/podcast/dont-cry-for-the-peso-argentina/

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