Lowering inflation when it’s too high is always a question of short term pain for some people to get long term benefits for most people.
Lowering inflation when it’s too high is always a question of short term pain for some people to get long term benefits for most people.
Inflation is going down. That brings hope. A year ago some saw their life savings’ purchasing power cut to a third. That brings despair. This year it only went down by half, which brings hope because it’s an improvement. Once inflation is at a reasonable level, economic growth will have to bring hope, which it probably won’t, since Milei will be focused on lowering debt and trying to fill the hole in the central bank, which still stands at negative 7 billion dollars in foreign reserves.
Milei is a Christian, authoritarian, regressive fascist.
And he would never have gotten into power if the Argentinian left had respected the independence of the central bank, been more pragmatic with their subsidies and let the market decide more of their economy. Protectionism doesn’t work and Argentina is a shining beacon letting everyone know that.
The left in Argentina did this to themselves. Even the trade unions in Argentina are struggling with support because they’re seen as complicit in the country’s wild overspending.
Because in the long term, very high inflation leads to everyone being poorer. And Argentina is the very best example of this.
A country that went from being the 6th richest in the world to having over half the population in poverty in 100 years. All thanks to protectionism, subsidized living costs, low taxes and printing money to make up the difference.
And let’s not forget fleecing the international community for money to rebuild the economy several times and then not paying it back.
You could learn this internet if you decided to.
INB4 it’s gonna be a repeat of the Wii U. A confusing, non compatible successor to a revolutionary product.
It’s unfortunate that he’s lived to be 95 and still hasn’t managed to swallow his ego and admit the Bosnian or Cambodian genocides happened. I guess the ideological blindness is just too strong.
Destroying the subsidies that the previous governments had has made inflation worse in the short term but should improve it in the long term. He says this and people believe it, so they’re powering through the bad times awaiting the better times. In a way he’s in his honeymoon period, and some people like him better because he’s actually following through his policies instead of being all talk.
In European Portuguese it’s “Feira da Ladra”, or “Fair of the (female) Thieve”
It’s from a Holodeck episode, I think Crisis Point 2.
The state shouldn’t be in the business of killing people.
That’s a better interpretation, although I felt those scenes were done much better in the Inner Light.
The treknobabble on the ship trying to bring the captain back. Also their attempt to research the Tamarian language on the ship.
Or the B plot in Darmok. I wish it would have been all Picard and Dathon.
It’s rare to see a “yes, u” instead of a “no, u”.
The flu is also going strong, but people aren’t saying it still feels like 1918. I don’t know the definition of COVID-19 becoming endemic but it certainly feels like it has become that.
And any reference I hear to it is no more common or strange than a reference to the flu or some other common illness.
I use Ecosia for the environmental aspect, not the privacy, so I’m gonna stay with it.
You’re not wrong. There’s probably a better way to stabilize Argentina’s currency which won’t lead to as much suffering. But no one presented that better way.
Peronists have been doing the same things for decades and it led to 40% poverty. Milei ripped off the band-aid and it led to 60% poverty. But it probably paved the way for lower poverty in the future.
If you find a way to lower inflation (which helps everyone) and make the poorest people in society equally prosperous, I’m sure they’ll give you a Nobel in Economics for it.