4 ms·

I see article after article saying the government is doing it wrong, too little too late, etc. I have yet to read about a proposed solution to Argentina's econo

I see article after article saying the government is doing it wrong, too little too late, etc. I have yet to read about a proposed solution to Argentina's economy. Any good resources about it? I only have first hand experience with Brazil's URV solution (that worked pretty well but many people on HN have told me it wouldn't work with Argentina).

cperciva 3y ago
I have yet to read about a proposed solution to Argentina's economy. It's not that complicated. The government needs to balance its budget. Continually borrowing money -- from the central bank when nobody else wants to lend any -- is inevitably going to inflate the currency. Unfortunately, while this is the only economically feasible solution, it's not a politically feasible solution.
- gtirloni 3y ago
  > it's not a politically feasible solution. You mean in terms of winning the next re-election? Or because other politicians will not approve new laws to control that? If the people have to starve for X years, I doubt it's a good solution but I don't know if that's what you mean by politically.
  - Magnusmaster 3y ago
    Both. Lots of people live from welfare or cushy government jobs where nobody does any work. And lots of politicians give money or food to win elections.
- jasmer 3y ago
  Balanced books unfortunately is not a solution. A state needs money in circulation to operate (which comes from debt usually), and, it needs money to pay for stuff while it's in distress. 'Balanced Books' is like asking a cancer patient to leave the hospital and 'get a job!'. Something needs to be done for 'full restoration of confidence' - and while 'balanced books' will do that, it will kill the economy in the meantime. Probably getting rid of corruption, then getting rid of obvious waste, then having maybe a period of 'dollar pegging' and outside observance of the Central Bank and maybe some economic oversight as well from Europe and USA ... might help. Sort of like a giant 'drug rehab program' with observers and transparency etc. I suggest a lot of the system is broken and a lot of pieces within it need to be fixed. It's very hard to pull a drug addict off of a drug, the entire body is addicted down to the cellular level.
lnxg33k1 3y ago
[flagged]
- garbagecoder 3y ago
  Really worked great for Venezuela!
  - deleted 3y ago
    [deleted]
- mistymountains 3y ago
  This is patently insane. Yes, keep blaming outside agents for the flood of corruption that holds the region hostage. Is the US to blame? Of course, but in a limited sense, and not without your own leaders selling you out. And the socialist experiment has been run in parallel with Venezuela, a country that certainly isn’t a shining utopia, and orthogonally in Scandinavia, where you have social democracy yet vanishingly low levels of corruption compared to South America.
  - kwanbix 3y ago
    He is probably a peronist, kirchnerist or other similarly brainwashed person. There are many problems: 1) korruption 2) populism: 10 million people produce money, the rest (40 million) is maintained by those 10 millions 3) we let people from abroad (mainly neighbour countries) without jobs, without money to invest, to get into the country, and then become a burden to the gobernment 4) giving money to people forever to do nothing.
    - deleted 3y ago
      [deleted]
  - SSLy 3y ago
    The worst is the tacit approval of the genocide in Ukraine, by not considering the Russian state as criminals.
AbraKdabra 3y ago
Argentinian here. The solution is to absolutely destroy peronism and whatever comes close to (proteccionism, false socialism, control on every fucking thing imaginable, blatant populism), it corrupts everything it touches, it rots all foundations, every solution to a problem, even if it's been proven to work 100% everywhere, if you add peronism it will make it not work, how? You wouldn't understand, you have to be an argentinian to get it. Somehow these pieces of shit (sorry I don't know another way to call them) break all they touch, they think they're the true solution but the have been in the government for the past 70+ years... You want a solution? Free market (even a simple notebook, nothing fancy, costs a fortune), control nothing, destroy all the stupid fucking taxes we have that once were "temporary" and here we are still having to pay them, let people improve their businesses (as of today, if you want to import machinery you have to pay an absurd amount, which leads to small businesses stuck).
- gtirloni 3y ago
  Wasn't that what Macri set to do?
  - AbraKdabra 3y ago
    Yes, and he did shit, I voted for him. We call him "tibio" as in warm, he was supposed to bring balance (yeah I said that) by going full nuclear with his politics and instead he did "warm" stuff, we were expecting (we wanted it, we needed it) a complete shock in our country, our economy, our lifestyle (for example, kill every protest which causes a transit chaos every fucking day in the city, it was his promise and did nothing) and he just scratched his balls. He did improve some things tough, but not on the level we needed.
    - kwanbix 3y ago
      Yeah, as much as I would have liked for him to take the infantry to the streets, how many of us would have stand 1~6 months of the peronists in the street burning things, etc, etc, etc?
- robomartin 3y ago
jones6ofMont 3y ago
[dead]

cperciva 3y ago

I have yet to read about a proposed solution to Argentina's economy. It's not that complicated. The government needs to balance its budget. Continually borrowing money -- from the central bank when nobody else wants to lend any -- is inevitably going to inflate the currency. Unfortunately, while this is the only economically feasible solution, it's not a politically feasible solution.

gtirloni 3y ago
> it's not a politically feasible solution. You mean in terms of winning the next re-election? Or because other politicians will not approve new laws to control that? If the people have to starve for X years, I doubt it's a good solution but I don't know if that's what you mean by politically.
- Magnusmaster 3y ago
  Both. Lots of people live from welfare or cushy government jobs where nobody does any work. And lots of politicians give money or food to win elections.
jasmer 3y ago
Balanced books unfortunately is not a solution. A state needs money in circulation to operate (which comes from debt usually), and, it needs money to pay for stuff while it's in distress. 'Balanced Books' is like asking a cancer patient to leave the hospital and 'get a job!'. Something needs to be done for 'full restoration of confidence' - and while 'balanced books' will do that, it will kill the economy in the meantime. Probably getting rid of corruption, then getting rid of obvious waste, then having maybe a period of 'dollar pegging' and outside observance of the Central Bank and maybe some economic oversight as well from Europe and USA ... might help. Sort of like a giant 'drug rehab program' with observers and transparency etc. I suggest a lot of the system is broken and a lot of pieces within it need to be fixed. It's very hard to pull a drug addict off of a drug, the entire body is addicted down to the cellular level.

lnxg33k1 3y ago

[flagged]

garbagecoder 3y ago
Really worked great for Venezuela!
- deleted 3y ago
  [deleted]
mistymountains 3y ago
This is patently insane. Yes, keep blaming outside agents for the flood of corruption that holds the region hostage. Is the US to blame? Of course, but in a limited sense, and not without your own leaders selling you out. And the socialist experiment has been run in parallel with Venezuela, a country that certainly isn’t a shining utopia, and orthogonally in Scandinavia, where you have social democracy yet vanishingly low levels of corruption compared to South America.
- kwanbix 3y ago
  He is probably a peronist, kirchnerist or other similarly brainwashed person. There are many problems: 1) korruption 2) populism: 10 million people produce money, the rest (40 million) is maintained by those 10 millions 3) we let people from abroad (mainly neighbour countries) without jobs, without money to invest, to get into the country, and then become a burden to the gobernment 4) giving money to people forever to do nothing.
  - deleted 3y ago
    [deleted]
- SSLy 3y ago
  The worst is the tacit approval of the genocide in Ukraine, by not considering the Russian state as criminals.

AbraKdabra 3y ago

Argentinian here. The solution is to absolutely destroy peronism and whatever comes close to (proteccionism, false socialism, control on every fucking thing imaginable, blatant populism), it corrupts everything it touches, it rots all foundations, every solution to a problem, even if it's been proven to work 100% everywhere, if you add peronism it will make it not work, how? You wouldn't understand, you have to be an argentinian to get it. Somehow these pieces of shit (sorry I don't know another way to call them) break all they touch, they think they're the true solution but the have been in the government for the past 70+ years... You want a solution? Free market (even a simple notebook, nothing fancy, costs a fortune), control nothing, destroy all the stupid fucking taxes we have that once were "temporary" and here we are still having to pay them, let people improve their businesses (as of today, if you want to import machinery you have to pay an absurd amount, which leads to small businesses stuck).

gtirloni 3y ago
Wasn't that what Macri set to do?
- AbraKdabra 3y ago
  Yes, and he did shit, I voted for him. We call him "tibio" as in warm, he was supposed to bring balance (yeah I said that) by going full nuclear with his politics and instead he did "warm" stuff, we were expecting (we wanted it, we needed it) a complete shock in our country, our economy, our lifestyle (for example, kill every protest which causes a transit chaos every fucking day in the city, it was his promise and did nothing) and he just scratched his balls. He did improve some things tough, but not on the level we needed.
  - kwanbix 3y ago
    Yeah, as much as I would have liked for him to take the infantry to the streets, how many of us would have stand 1~6 months of the peronists in the street burning things, etc, etc, etc?
robomartin 3y ago

jones6ofMont 3y ago

[dead]