Translation (google):
After Milei decree: Argentine companies will be able to pay their employees with milk or meat instead of money Chancellor Diana Mondino confirmed that employers and workers will be able to agree on contracts in any type of currency, including bitcoins, kilos of beef or liters of milk.
The Argentine government announced a series of economic deregulation measures that will come into effect starting this week, among which is the possibility of agreeing on contracts in any type of currency, including food such as beef or milk.
The information was provided by the Minister of Foreign Affairs of Argentina, Diana Mondino, who announced on Twitter that "we ratify and confirm that in Argentina contracts can be agreed in Bitcoin and also any other crypto and/or species such as kilos of steer or liters of milk".
In addition, the chancellor referred to article 766 of the Civil and Commercial Code of Argentina, reformed by decree of President Javier Milei, which details that "the obligation of the debtor is to deliver the corresponding amount of the designated currency, whether the currency is legal tender in the Republic as if it does not have it.
It should be noted that this is not the first time that Argentina has had to resort to barter: already during the economic crisis of 2001, during the government of Fernando de la Rúa, the exchange of goods and services without money became popular in the trans-Andean country.
The statements on the inclusion of cryptocurrencies and other species in financial obligations, within the framework of Article 766, pose interesting challenges. The incorporation of these assets into financial legislation is a topic of global debate, and their impact on the economy and transactions requires careful consideration.
How do you think this proposal can affect the economic and financial outlook in Argentina?
Ah, barter systems, violence, crime, and prostitution. Humanity’s oldest endeavors. I wonder why our ancestors tried to move past them.
Argentina is going to explode.
Barter is not one of humanities oldest endeavors as there is no evidence of any society having a barter system prior to using currency. Barter systems have always emerged as stopgaps in decaying currency based economic systems.
Argentina will not be reverting to some prehistoric state but instead is in an accelerating state of collapse likely to coalesce into some kind of fascist ranch-state.
Barter is one of humanity’s oldest endeavors. Humanity did use barter and still does. It’s just not the way people think of it as with the 5 apples for 2 fish. Barter was done on a “gift” or “favour” basis where the giver extended the product as credit for which they expected repayment in one from or another.
Currency also did not emerge from barter, it is simply a new form of it. That’s what money is, just a more solidified “IOU”.
That all doesn’t matter anyways. It was all a joke about Argentina falling into anarchy. Why are you taking what I said so seriously?