Argentina has been on a decades-long search for economic stability, but it always seems to be out of reach. High inflation has been plaguing the country and just surpassed 160% a year.
Over the past couple of years, the local currency has collapsed. One U.S. dollar used to be worth 20 Argentinean pesos in 2018. Today, one U.S. dollar is worth 1,000 pesos on the black market. And that means for Argentineans, the real prices of everything — from groceries to gas — have spiked.
In a country where the local currency is in free fall, promising to replace that currency with the US dollar can seem like a magical solution.
Argentina's new president, Javier Milei, won in part by promising to do just that - to dollarize. To scrap Argentina's peso and replace it with the relatively stable, predictable, boring United States dollar.
On today's show, what does dollarizing mean? Why dollarize, how to do it, and will it even work?
For more:
A black market, a currency crisis, and a tango competition in Argentina (Apple, Spotify, NPR)
Venezuela's Fugitive Money Traders
Why Ecuador Uses The Dollar? : The Indicator from Planet Money
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The Indicator from Planet Money - How economics can help you stick to your New Year’s resolution
Talk of New Year's resolutions is bubbling up as 2024 quickly approaches. Whether it's a fitness goal, wanting to learn a new skill or just trying to develop better habits, a new year is the perfect excuse to start. However, it can be difficult to maintain as time passes by.
Today on the show, we talk to a behavioral economist about one of the best ways to stick to your New Year's resolutions using the power of economics.
Mixed Signals: How Incentives Really Work by Uri Gneezy
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Today on the show, we talk to a behavioral economist about one of the best ways to stick to your New Year's resolutions using the power of economics.
Mixed Signals: How Incentives Really Work by Uri Gneezy
For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.
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State of the World from NPR - The U.S. Relationship With Israel
U.S. officals have been increasingly public in their appeals to Israel to limit casualties in Gaza, but so far nothing has changed. So what does this say about the relationship between the U.S. and Israel now? We hear from a retired diplomat with long experience in the region.
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The Gist - The State Of A Two-State Solution
Donald Trump is barred from the ballot in Colorado, for now, interesting reasoning contributed to the court's decision, which probably won't survive SCOTUS. Plus, Lina Khatib, director of the SOAS Middle East Institute at SOAS University of London assesses Israel's neighbor's relations with Palestinians and what hopes there are for a permanent peace.
Produced by Joel Patterson and Corey Wara
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The Daily Signal - Fallout From Colorado Striking Trump Off Ballot, Hamas Leader Heads to Egypt, China’s Threatening Words on Taiwan | Dec. 20
TOP NEWS | On today’s Daily Signal Top News, we break down:
- The Colorado Supreme Court that former President Donald Trump will be removed from the state’s ballot.
- The top Hamas official traveled to Cairo to talk about ceasefire with Israel.
- China’s Xi Jinping told Biden he wants to reunify with Taiwan in San Francisco summit.
Relevant Links
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Cato Daily Podcast - Biden Wants to ‘March In’ to Fix Drug Prices
Does "march in" authority have hope for bringing drug prices down? Should it? What are the secondary effects of changing who can produce what drugs? Cato's Michael Cannon and Peter Van Doren comment.
Hosted on Acast. See acast.com/privacy for more information.
Federalist Radio Hour - ‘You’re Wrong’ With Mollie Hemingway And David Harsanyi, Ep. 77: Constitutional Crisis
The Colorado Supreme Court just rigged the 2024 election. Join Federalist Editor-in-Chief Mollie Hemingway and Senior Editor David Harsanyi as they discuss the undemocratic movement to remove former President Donald Trump from the 2024 ballot, explain why the White House's Hitler talking points are assassination prep, and analyze how Democrats' lawfare campaign is sending the nation into a constitutional crisis. Mollie and David also share their Christmas plans and movie picks for the week.
If you care about combatting the corrupt media that continues to inflict devastating damage, please give a gift to help The Federalist do the real journalism that America needs.
If you care about combatting the corrupt media that continues to inflict devastating damage, please give a gift to help The Federalist do the real journalism that America needs.
Motley Fool Money - Apple Watch’s Clock is Ticking
Apple will have to halt sales of its latest Watch products this week due to patent disputes… unless the president’s office decides to step in.
(00:21) Tim Beyers and Dylan Lewis discuss:
- Why you might not be able to buy the Apple Watch soon in the U.S.
- Comcast’s data breach affecting 30+ million customers.
- Fedex’s latest results and why they might be better than the market thinks.
(16:39) Mary Long caught up with Kristy Akullian, Senior Member of the iShares investment strategy team at Blackrock. for a look at her team's 2024 outlook and one country to keep an eye on.
Companies discussed: AAPL, MASI, CMCSA, FDX
Host: Dylan Lewis
Guests: Tim Beyers, Mary Long, Kristy Akullian
Engineers: Dan Boyd, Rick Engdahl
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Song Exploder - Foo Fighters – The Teacher
For the last episode of the year, I got the chance to drive up to Northridge, California, and have a conversation with Dave Grohl. We talked about the Foo Fighters song “The Teacher,” which is an epic, 10-minute-long song. Dave told me it’s the most important piece of music he’s ever written, because it’s dedicated to his mother, Virginia, who passed away in 2022.
Dave Grohl started Foo Fighters in 1994, after Nirvana ended. This year, Foo Fighters set a record for having the most Top 10 hits on the Billboard Mainstream Rock charts. They’ve won 15 Grammy awards, including winning the Grammy for Best Rock album five times — more than anyone else.
“The Teacher” is from their 11th album, But Here We Are, which came out in June 2023. I sat with Dave in the Foo Fighters practice space, and he told me the whole story of the song. Coming up, you’ll hear the two voice memos he originally recorded on acoustic guitar, plus the two demos he made on his way to figuring the song out.
For more, visit songexploder.net/foo-fighters.
Reset with Sasha-Ann Simons - Merry Mocktails For The Holiday Season
The holidays can add extra pressure to drink. But a cup of good cheer doesn’t have to include alcohol — and a growing movement toward mocktails is motivating the creation and distribution of more fun, non-alcoholic beverages. Reset talks with WBEZ’s Courtney Keuppers and Mary Moss, owner of Beverly Dry Goods, who searched for Chicago’s most creative mocktails and found recommendations for sober folks in 12 Chicago neighborhoods all in time for the festive season.