Argentina's Economic Crisis and Inflation

Argentina has been facing a perpetual economic crisis with high inflation for the past 50 years. The root cause of the problem, according to the new Argentine president, Javier Millet, is the central bank itself. The government relied on printing pesos whenever it needed money for spending, leading to oversupply of currency and hyperinflation. To fix this, Millet proposes dollarization of the economy, replacing the Argentine peso with the US dollar as the official currency. This drastic measure aims to restore trust in the currency and stabilize inflation, as seen in Zimbabwe's successful dollarization experiment.