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A comment on Argentina's New President Wants to Adopt the Dollar as the National Currency. Parent comment

Re:Argentina's New President Wants to Adopt the Dollar as th... by kazen44 on Monday November 20, 2023 @10:21AM (#38349405)
> Why do they need reserves? Abolish all federal obligations

this would result in the country having no money to pay for a proper functioning goverment.

who is going to pay all govermental employees? the police, the army etc if the country has no reserve currency?

[ Parent | on HN ]
Re:Argentina's New President Wants to Adopt the Dollar as th... by johngladtj on Monday November 20, 2023 @10:35AM (#38349534)
Once you cut of all the non essential expenses and handouts you'd be surprised at just how little money is needed to run a state
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Re:Argentina's New President Wants to Adopt the Dollar as th... by toyg on Monday November 20, 2023 @11:02AM (#38349804)
This is how you end up with bands of military and police extracting "road tax" as they see fit. Iraq circa 2004 is not a good model.
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Re:Argentina's New President Wants to Adopt the Dollar as th... by neuromanser on Monday November 20, 2023 @12:46PM (#38351393)
See the Mad Max trilogy for a study in cut-down government expenses.
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Re:Argentina's New President Wants to Adopt the Dollar as th... by Daishiman on Monday November 20, 2023 @12:52PM (#38351486)
The top 3 expenses of any modern contemporary state are:

1. Retirements funds 2. Health care 3. Education

No program that seriously contemplates cost reductions can do without cutting back with these. Guess who the beneficiaries of these expenses are.

[ Parent | on HN ]
Re:Argentina's New President Wants to Adopt the Dollar as th... by johngladtj on Tuesday November 21, 2023 @03:34AM (#38360990)
Like I said, unnecessary expenses.
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