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Replying to Avatar CitizenPedro

That's exactly it. In Portugal (which I know you're in and me too :D) for example people have zero idea about what money is, how the Euro is the worse possible money for them, especially the non asset bearers (young people).

The older people don't understand that the Euro can end and thus that their economic advantage can end. They don't understand that their current relative power is due to artificial "scarce" German money, being able to own assets in pre-inflationary Euro (2008) and that if that ends we go back to 30% yoy inflationary Escudo like in the 1980s because Portugal is completely insolvent.

The young don't understand that the Euro has made them slaves to an unmeritocratic bureaucracy made in Brussels.

The only way forward for Portugal is Argentina. Then the people will actually open a book and read something.

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CitizenPedro 3w ago

If we go back to Escudo, the boomer class will suffer in 30% yoy inflation. People on fixed Escudo income (pensions, etc) will suffer massively.

Going back to the Escudo completely flips the power dynamics in Portugal.

And then it can actually become a learning experience for a lot of people.

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