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RE: Dollarization Cases in Latin America

in LeoFinance3 years ago

The dollar is valuable, one of the most valuable fiat currencies in the world... The people should adopt the dollar, or other competitive currencies (including crypto) that are backed by nations that support liberty.

If you live under an authoritarian government that creates its own currency, the best way to limit its power is by using a different currency (or holding physical assets, like Gold). Creating local sustainable markets will ensure that liberty thrives!

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All these theoretical concepts that you have mentioned, could really have positive effects in any nation where economic policies are handled responsibly.
Sadly, this does not happen in Venezuela.

Thank you for your valuable comment.