5 ms·

Argentina's Milei Devalues Peso by 54%

17 points by oumua_don17 3y ago

hobbescotch 3y ago
Although his style would seem off putting, I would not discount him so readily. He is an economist with many published papers under his belt and has worked for the WEF. Whatever happens, hope the outcome is positive for Argentinians. Edit: bio from WEF website Licentiate in Economics, Universidad de Belgrano, Argentina; two Master's in Economics, Universidad Torcuato Di Tella and CEDES/IDES. Former: Head Economist, Estudio Broda and Máxima AFJP; Senior Economist, HSBC, Argentina; Adviser of the Argentine Government, ICSID. Currently, Head Economist, Corporación América. B-20/G-20 Adviser and Member, Group of Economic Policy, ICC/G-20. Since 2012, leads the division of Economic Studies, Fundación Acordar, a think tank of national scope. For more than 20 years, University Professor of Macroeconomics, Economics of Growth, Microeconomics and Mathematics for Economists. Has written over 50 academic papers.
- pvik 3y ago
  This is a video that does a deep dive on some of his writings: https://www.youtube.com/watch?v=MgBKSjtmahs https://www.youtube.com/watch?v=MgBKSjtmahs If anyone is interested on knowing more about his views as an economist.
- cassianoleal 3y ago
  > Although his style would seem off putting That's one way of putting it. He claims to receive political counsel from his dead dog through a medium. > Whatever happens, hope the outcome is positive for Argentinians. So do I. I have family and friends who live or are from there. I like the country and its people. That said, I doubt anything actually good will come out of this. Unfortunately, it wasn't very likely to be great if he had lost either though, so who knows...
- dysoco 3y ago
  Sadly I don't think he cannot be trusted with credentials too much; he has been accused of plagiarism [1] and has promoted crypto ponzi schemes [2]. About his supposed academic papers; Scopus says his h-index is 0 and only seems to have 2 publications [3]. He might be claiming that for self published articles or something. [1]: https://english.elpais.com/international/2023-11-18/javier-milei-how-the-argentine-presidential-candidate-plagiarized-three-mexican-scientists.html https://english.elpais.com/international/2023-11-18/javier-m... [2]: https://www.ambito.com/politica/javier-milei/que-es-coinx-la-cripto-investigada-estafa-piramidal-que-promocionaba-milei-n5458982 https://www.ambito.com/politica/javier-milei/que-es-coinx-la... [3]: https://www.scopus.com/authid/detail.uri?authorId=7004452442 https://www.scopus.com/authid/detail.uri?authorId=7004452442
xiphias2 3y ago
Allowing real flow of capital between Peso and USD necessitated an honest starting exchange rate.
- aaronrobinson 3y ago
  Does this mean the end of the blue exchange rate then?
  - xiphias2 3y ago
    I'm sure that's the goal, as Milei wants to adopt USD later, we just can't be sure of the timeline.

17 points by oumua_don17 3y ago

Although his style would seem off putting, I would not discount him so readily. He is an economist with many published papers under his belt and has worked for the WEF. Whatever happens, hope the outcome is positive for Argentinians. Edit: bio from WEF website Licentiate in Economics, Universidad de Belgrano, Argentina; two Master's in Economics, Universidad Torcuato Di Tella and CEDES/IDES. Former: Head Economist, Estudio Broda and Máxima AFJP; Senior Economist, HSBC, Argentina; Adviser of the Argentine Government, ICSID. Currently, Head Economist, Corporación América. B-20/G-20 Adviser and Member, Group of Economic Policy, ICC/G-20. Since 2012, leads the division of Economic Studies, Fundación Acordar, a think tank of national scope. For more than 20 years, University Professor of Macroeconomics, Economics of Growth, Microeconomics and Mathematics for Economists. Has written over 50 academic papers.

pvik 3y ago
This is a video that does a deep dive on some of his writings: https://www.youtube.com/watch?v=MgBKSjtmahs https://www.youtube.com/watch?v=MgBKSjtmahs If anyone is interested on knowing more about his views as an economist.
cassianoleal 3y ago
> Although his style would seem off putting That's one way of putting it. He claims to receive political counsel from his dead dog through a medium. > Whatever happens, hope the outcome is positive for Argentinians. So do I. I have family and friends who live or are from there. I like the country and its people. That said, I doubt anything actually good will come out of this. Unfortunately, it wasn't very likely to be great if he had lost either though, so who knows...
dysoco 3y ago
Sadly I don't think he cannot be trusted with credentials too much; he has been accused of plagiarism [1] and has promoted crypto ponzi schemes [2]. About his supposed academic papers; Scopus says his h-index is 0 and only seems to have 2 publications [3]. He might be claiming that for self published articles or something. [1]: https://english.elpais.com/international/2023-11-18/javier-milei-how-the-argentine-presidential-candidate-plagiarized-three-mexican-scientists.html https://english.elpais.com/international/2023-11-18/javier-m... [2]: https://www.ambito.com/politica/javier-milei/que-es-coinx-la-cripto-investigada-estafa-piramidal-que-promocionaba-milei-n5458982 https://www.ambito.com/politica/javier-milei/que-es-coinx-la... [3]: https://www.scopus.com/authid/detail.uri?authorId=7004452442 https://www.scopus.com/authid/detail.uri?authorId=7004452442

xiphias2 3y ago

Allowing real flow of capital between Peso and USD necessitated an honest starting exchange rate.

aaronrobinson 3y ago
Does this mean the end of the blue exchange rate then?
- xiphias2 3y ago
  I'm sure that's the goal, as Milei wants to adopt USD later, we just can't be sure of the timeline.