This is what happens when you don’t have reserve currency status

by Tim Staermose, Sovereign Man:

It’s easy to see why people like Costa Rica so much.

The country is gorgeous, and the climate can be excellent. There are plenty of cooling breezes to keep it comfortable year-round, despite the tropical location. And during the dry season, the country is bathed in constant sunshine.

The higher altitudes on the slopes of the mountains and volcanoes that surround the central valley sport microclimates with verdant green pastures and dairy cows. It’s reminiscent of Switzerland.

Unfortunately, the political and economic climate in Costa Rica is not as ideal. What was formerly a relatively free, inexpensive, low-tax jurisdiction has veered sharply to the left.

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