Argentina with dollar-lumpy mattresses, & what is to be done? @JohnTamny


Manage episode 242624882 series 124879
By Audioboom and John Batchelor. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.
Image: Argentine passport: Portada de un pasaporte biométrico argentine. Public domain.
People are sleeping on lumpy mattresses in Argentina: they stuff their US dollars there rather than be at the mercy of the Argentine peso.
Money is a consequence of production. Thereafter, money is an agreed-upon unit to represent production. Where money is not treated well, money will escape. In Argentina, a limit on dollars is a limit on trade. . . .

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