3 ms·
I'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 me
by orwin 2y ago
I'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.