Dr. Sanjay Gupta: The Answer to Pain May Lie in Your Brain
For something that’s a universal experience, pain has been pretty hard to measure, treat and even understand. That’s what Dr. Sanjay Gupta decided to write…
Thought Leader: Sanjay Gupta
Dollarizing Argentina: Run-Off Elections Between Massa and Milei
Today, we’re turning our attention to Argentina’s upcoming run-off presidential election between current economic minister Sergio Massa and libertarian candidate Javier Milei. I could do a whole series on the effects of Peronism, but this time, I’ll be focusing on Milei’s proposed dollarization program.
Argentina has defaulted on its national debt nine times, and the government can manipulate events (and people) by hitting the peso printing button. Switching to the American dollar would institute some financial responsibility, but is it feasible?
Milei would need to come up with a metric-shit-ton of US dollars for this to work, but we’re still ignoring the impact on banking stability and the risk of hyperinflation. I’m not quite sold on the idea just yet, but let’s see who gets put in office before we go further down that rabbit hole.
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Patrick McGee: How Apple Helped China Become a World Leader in Electronics
Apple sent engineers to China to make its sophisticated products cheaply. The company sent engineers to train workers and paid for expensive specialized equipment at…
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