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The costs associated with high and unstable inflation dwarf everything else. Get that down and the economy will take off as investment gets funneled into produ
by CraigRo 2y ago
The costs associated with high and unstable inflation dwarf everything else. Get that down and the economy will take off as investment gets funneled into productive endeavors
- orwin 2y agoI'm not sure high inflation (and by high i mean from 10 to 40% yoy) is _that_ bad if your economy isn't mondialized and you produce most of your own food and mechanized parts, as long as local/national investment follows. As it stand, Argentina inflation is way higher than just "high", and now also unpredictable since Milei took office, so i agree with with in large part, but i think this very method can and will cost Argentina its sovereignty over large part of its economy and real estate. Which isn't a bad thing if you are a foreign investor fund willing to make a risky bet (or investing in such a fund), but it might be a hard pill to swallow for Argentinians, and that could brew a lot of resentment.