(Photo by LEO LA VALLE/AFP via Getty Images)
- Red-hot inflation and a plunging peso have fueled calls for Argentina to ditch its currency.
- Economist Steve Hanke reiterated his view that the country should adopt the dollar as the means of exchange.
- "DOLLARIZATION is the only way to stop Argentina's death spiral," he wrote in a post on X.
Adopting the dollar as currency is the only way for Argentina to stop the "death spiral" engulfing its economy, according to economist Steve Hanke.
The Johns Hopkins professor echoed the views of Argentina's presidential candidate Javier Milei – who has also called for ditching the peso and adopting the greenback as a way to tame rampant inflation in the economy.