https://mises.org/power-market/100-percent-reserves-milei-and-argentina
Discussion
I didn't read it all because i find it kind of weird, but how are the banks suddenly are going to have a 100% reserve ratio from 10% and how exactly the demand for money will create an inflow of dollars?
I think he would make fractional reserve illegal and criminal. This would create a lot of stability and security which means a much better place to leave your dollars than any other place on earth, if you're a boomer and can't use sats of course.
Well ok. Could be the case to attract some dollars from abroad. Still more wishful thinking than anything else. The situation in Argentina was very fluid to suddenly gain such trust, while Miley himself doesn't seem very "stable".
And what about the sudden 100% reserve ratio? How can this happen?