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What alternative courses of action do you recommend they take to manage their economy and currency, which is experiencing inflation of over 140%?
by a13n 3y ago
What alternative courses of action do you recommend they take to manage their economy and currency, which is experiencing inflation of over 140%?
- jredwards 3y agoEconomists like to say that there are only four types of economies: developing economies, developed economies, Argentina, and Japan. Argentina is a special case of decades of absurd mismanagement. Milei's prescription is different, but that doesn't mean it's good. It may end up killing the patient altogether.
- pas 3y agodollarization makes sense, the rest is just claptrap talk about cutting social services (and some of which would be a necessary conclusion anyway, because currently the spending is financed by simply money printing) of course the extremely dramatic complete eradication of any kind of redistribution is almost surely not the optimal path to growth