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Does Argentina just not care about inflation at this point?
by MattGaiser 3y ago
Does Argentina just not care about inflation at this point?
- gbaygon 3y agoits normal now, everybody knows how to work with it - buy with credit payable in 6/12 months, take advantage of government credit to offset it (often such credits are below inflation) Also buy street dollar (blue) with whatever you manage to save, etc - to sell it later to preserve value At this point after many decades of inflation every argentinian is a hobbyist economist himself (otherwise you couldn’t make it month to month)
- TulliusCicero 3y agoSurely there are still downsides to the wider economy even if people have managed to adapt?
- gbaygon 3y agoyes major downsides, these are only strategies to get by
- aiunboxed 3y agoHmm, hopefully people have enough avenues to match the extra income that they are going to generate
- sdfghswe 3y agoI think once you're past 100% you're fucked anyway. Might as well YOLO it.
- TacticalCoder 3y agoThe US is way past 100% now: https://www.usdebtclock.org/ https://www.usdebtclock.org/
- kdwikzncba 3y ago[dead]
- opprobium 3y agoParent is referring to rate of inflation (> 100% currently in AR, not remotely comparable to US), not to national debt.