Argentina’s inflation problem has been so chronic and debilitating that it can be solved only by adopting a reliable alternative to central banking and discretionary monetary policy. The best way forward might begin with the government giving people and businesses the freedom to rely on any national or private currencies they choose.

Nicolás Cachanosky is associate professor in the Department of Economics at Metropolitan State University of Denver.
Adrián Osvaldo Ravier is a professor and research fellow in the School of Business at University Francisco Marroquin.
Banking and FinanceDefense and Foreign PolicyEconomic History and DevelopmentEconomyFiscal Policy/DebtFree Market EconomicsInternational Economics and DevelopmentLatin AmericaTrade
Other Independent Review articles by Nicolás Cachanosky
Summer 2022 Monetary Disorder in Buenos Aires Province, 1822–1881
Fall 2019 Latin American Populism in the Twenty-First Century
Winter 2017/18 Money: Free and Unfree
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Other Independent Review articles by Adrián Osvaldo Ravier
Summer 2022 Monetary Disorder in Buenos Aires Province, 1822–1881