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Argentina has unfortunately not changed is monetary emision rates even though they claim to have chanced monetary policy. Argentina is headed for disaster becau

• cryptonector 8y ago
  Well, no, the current Argentine government decidedly does not admire Venezuela's model (the preceding government did admire Chavez/Maduro). Their problem is that to rein in inflation they must cut the welfare state way down, including a variety of subsidies (electric, ...). Removing those subsidies is known there as a "tarifazo", which means "massive rate increase", and has caused previous governments to fall, which is why the current government is so scared to do it. Macri's government hopes that they can slowly adjust things rather than go the shock therapy route -- if all goes well, it could work, but both approaches are risky, and it could all end badly again either way.
  • conanbatt 8y ago
    That’s the narrative but the results show still rampant inflation, still high government spending, and same monetary base expansion. The current government is economically very similar to the previous, and substituted hiperinflation with external debt
    • cryptonector 8y ago
      I mean, the Macri government is clearly not at all like the Fernandez government. The problems you list are real, and they are making mistakes as they always do, but the Fernandez govt really did want to go the way of Venezuela. The Macri government just doesn't have the oomph to push through the reforms they want -- whether for lack of seats in the congress or lack of conviction or fear of a repeat of 2001, I don't know.