Javier Milei's speech at the World Economic Forum seemed a somewhat caricatured synthesis of the intellectual impoverishment of contemporary libertarianism. It would not be worth the lines of this commentary if it were not for this ideology's dangers to the modern democratic order.
President Bukele has made El Salvador the first country in the world to establish bitcoin as legal tender. The main reason, he has argued, is the savings it will bring by reducing commissions on remittances. But is bitcoin the best way to do this?
On January 9, 2000, the Ecuadorian government announced the adoption of the US dollar as legal tender, after a deep economic, financial and social crisis. The decision was unilateral, desperate and lacking in political and economic coordination. Could Ecuador de-dollarize its economy?