Re:In Argentina, inflation is a way of life
by notch656a on Friday January 28, 2022 @02:09PM
(#30118992)
>t the end of the day it’s a conflict of interest: the people want a stable medium of exchange and the government wants to finance its activities without balancing its budget.
This still holds for USD
If you're willing to put it in basically "god's hands" (hope America keeps it stable), why not pick something like a commodity money (metals or basket of commodities for instance) that at least somewhat mitigates this conflict of interest. Using _someone else's fiat_ seem like you're keeping all the downsides of fiat but only some of the upsides.
This still holds for USD
If you're willing to put it in basically "god's hands" (hope America keeps it stable), why not pick something like a commodity money (metals or basket of commodities for instance) that at least somewhat mitigates this conflict of interest. Using _someone else's fiat_ seem like you're keeping all the downsides of fiat but only some of the upsides.