ABSTRACT
The paper criticizes the so-called dollarization of Brazilian economy. The argument is based on Marx’s discussion of the functions of money. The instrument elected to act as money needs to act as means of payment, i.e., must be used to pay for the commodities been transactioned. The dollar cannot yet perform this function because it does not exist in a volume sufficient to pay for the commodities been transactioned.
KEYWORDS:
Dollarization; inflation; Marxian economics