Argentina's inflation which runs in the double digits year after year (this year it's triple I believe) is a great example of what economies look like that are run by leftist that just keep spending. I don't know what the solution is tbh. Past/present generations and politicians really screwed the populace. Fiscal/monetary policy matters, and this should be a lesson to developed economies, including for us living in the US with our debt rising by a few trillion per year and accelerating. You can't keep spending on the present, sacrificing the future. The 'future' for Argentina is here and people are desperate. Which is really sad as this is a fairly rich in commodities country and was considered one of the richer nations few generations ago.

I'm curious to hear his policies to fix this problem that really became this bad due to two decades of bad governance. I don't see an easy or quick way to fix this.

This post was edited by ofthevoid on Nov 19 2023 10:35pm

awesome

now he will cut deals with american contractors and put his coutnry in debt for the next 100 years

The conglomerate is literally licking their lips as they rush to give him all the loans he needs

honestly though hopefully standard of living goes up so thats a win for a the people I think

might be coo

This post was edited by Crunkt on Nov 19 2023 11:49pm

Remind me to check back on this in 4 years and i bet its a shit show.

Its a shit show right now.

Oh i know, i just love how they think the exact opposite of the current shit show will be less of a shit show.

Its a huge and long interview, but it's worth a read if you want to understand who this guy is and what his program will really be.

He seems to be smarter than the media portrays him.

Its a really, really long interview though:

https://www.economist.com/news/2023/09/07/an-interview-with-javier-milei

Let's see what he does and judge him by his actions.

This post was edited by Malopox on Nov 20 2023 04:53am

most important thing imo is a new currency or at least a complete reset

bu bu bu but I want to judge him based on all the anecdotal evidence I see from reddit and the internet!!!

uuihgghghhhhhh fiiiiiiinnnnnnnneeeeeeeeeeee Ill only judge him by his actions as president siiiiiighghhhhhhhhhh

New currency wont help IMO because they have a trust issue. I think they defaulted on their sovereign debt like 5 times at this point?

Their 'new' currency will only be as strong as Argentina's ability to stay economically competitive internationally and somehow instill confidence in bond buyers.

Dollarizing also has it's own issues. It's easier for small countries to dollarize vs large ones, how are you going to attract hundreds of billions, potentially trillions of US dollars to have a liquid enough economy? Either a lot of business with the US or some sort of loans (but that goes back to the trust issues)

At bold. This.