Earlier quoted context omitted.
>But, without the ability to control the value of their own currency, how would it work for the government to manage their domestic affairs? The idea is that the stability the economy gains by using the US dollar, and the in ability of the Argentine government to cause inflation by putting the currency printer on overdrive, benefit the country more than the loss of self-control from no longer having its own currency.…
Interesting. Other than the lack of control(which in some cases may be argued as a good thing), are there any downsides to adopting the USD as national currency?
The downside is that you lose seigniorage (basically the "tax" the government gains from printing coin), so now the country gives that to the US and can only take money from debt and taxes
This is, of course, a different way to name the "lack of control" you mention