Over twenty years ago, Atlas hosted these sound money champions to discuss “Currency boards.” Pictured here from left to right, Jose María Ibarbia, who pushed for sound money as an Argentinean Congressman, a student of Dr. Hans Sennholz, at Grove City College; Dr. Alberto Benegas Lynch Jr., Prof. Julio Cole (now at UFM Guatemala), Dr. Kurt Schuler, now at the Treasury, and coming up with a superb book on Bretton Woods and the IMF, and Currency Board champion and Cato Scholar, Dr. Steve Hanke. We were meeting in Punta del Este, Uruguay. Lack of fiscal discipline in the provinces, and half of the banking sector remaining in state hands, led to the demise of the quasi-currency board implemented in the 90’s in Argentina.
