Hacker News
new
|
past
|
comments
|
ask
|
show
|
jobs
|
submit
login
saiya-jin
on May 10, 2021
|
parent
|
context
|
favorite
| on:
The Ultimate Guide to Inflation
why didn't everybody switch simply to USD? That's some hard cash that doesn't care about some petty Brazil's issues. Anything local in such a situation, no matter how well designed or intended, would be suspicious to me.
animex
on May 10, 2021
|
next
[–]
“Give me control of a nation's money and I care not who makes the laws.” - Mayer Rothschild
matheusd
on May 10, 2021
|
prev
|
next
[–]
Everyone sorta did, since initially Real was nominally pegged to USD at a 1=1 rate and monetary policy was used to maintain that peg.
This blew up in 1999 with the depletion of internal USD reserves.
ORioN63
on May 10, 2021
|
prev
[–]
They can't legally print USD. That's a pretty good reason.
Guidelines
|
FAQ
|
Lists
|
API
|
Security
|
Legal
|
Apply to YC
|
Contact
Search:
