SMP: Sound money abroad: the Ecuadorian case

Comparto comentario en Sound Money Project sobre la entrevista de Larry White respecto a la dolarización en Ecuador.

Sometimes sound money can be found abroad. Some countries, simply put, cannot or do not want to have reliable monetary institutions. Take the example of Argentina.Since the foundation of the central bank in 1935, the equivalent yearly inflation has been 55%. Venezuela is also experiencing very high inflation.

When sound money cannot be found domestically, often the best place to look is abroad.

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