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> Whatever the stupidity around this memecoin, it's hard to argue he isn't doing something to help the argentinian economy. Installed industrial capacity at it

> Whatever the stupidity around this memecoin, it's hard to argue he isn't doing something to help the argentinian economy. Installed industrial capacity at its lowest, real cost in USD through the roof, large corporations that have been around for _decades_ shutting down because of a lack of demand, the shutdown of government programs for vaccine distribution and HIV immune therapy, the complete and absolute mismanagement around forest fires, and the lowest spending in science in the past 20 years. There is not a single metric in which the country is better off. A couple bankers and mining corporations are doing great. For everyone else, the cost of living is unbearably high and productivity low.

Panzer04 2y ago
Real cost in USD going up because they're releasing the artificial peg that most people can't access anyway? No one says it's going to be all sunshine and roses, but fixing inflation and housing/rental prices seems like a pretty solid start, as well as moving towards eliminating a currency peg.
- simiones 2y ago
  If real cost of living in USD is going up, how are they fixing inflation?
- Daishiman 2y ago
  Where are you getting that they’re releasing the peg? No market instrument has priced that in and every time it gets raised the Minister of Economy moves the bar for when that will happen. They need a capital injection from the IMF that they will never get because Caputo asked for $45 billion loan for the IMF for the same purpose two presidencies ago and it changed nothing.
zone411 2y ago
You meant utilization not capacity. Your other points are similarly confused. Argentinians disagree. "The percentage of Argentines who say their standard of living is getting better (53%) has inched above the majority level for the first time since 2015." https://news.gallup.com/poll/654089/javier-milei-argentina-charts.aspx https://news.gallup.com/poll/654089/javier-milei-argentina-c... "Argentina's monthly inflation rate dropped to 2.2% in January, its lowest since mid-2020 after libertarian President Javier Milei took office just over a year ago ushering in austerity measures that have helped stabilize the embattled economy." https://www.reuters.com/world/americas/argentina-inflation-rate-seen-hitting-milei-era-low-2025-02-13/ https://www.reuters.com/world/americas/argentina-inflation-r...
- xinayder 2y ago
  Dropped to 2.2% after a 120% inflation in the past years? Compared to before Milei, costs are completely high and people who could live with their (now considered low) income are barely surviving. You can say he's fixing it, but at the same time pretty much driving almost the whole population into poverty. And then the next president will have to deal with it and probably undo whatever Milei did. It's unsustainable.
  - Izikiel43 2y ago
    Hey, how much was inflation in 2023 when Milei didn't rule? > 211.4% https://apnews.com/article/argentina-inflation-december-annual-milei-economic-measures-68f27bf0473590fabb5b6c1aff80579f https://apnews.com/article/argentina-inflation-december-annu... 2024? > 117% https://www.batimes.com.ar/news/economy/indec-reveals-argentinas-2024-inflation-rate-1178.phtml https://www.batimes.com.ar/news/economy/indec-reveals-argent... Has inflation been high over at least 2 years? Yes. Has it gone done by almost half? Yes. According to private economists/universities, poverty is around 37%, which is even lower than we he started to rule, we will have to wait for official statistics in March I believe.
    - meiraleal 2y ago
      [dead]
- Daishiman 2y ago
  I’m sorry but opinion polls I this country are worth the paper they’re written on. Menem’s political program wrecked the Argentinian economy the same way this program is doing and the man got reelected with some of the highest increases in poverty during that period. The important thing is that outsiders are falsely believing that the problem with this country is high inflation instead of low economic productivity. The country has dealt with high inflation for a century and during that time has the highest standard of living of Latin America and a solid middle class. What Milei is doing is literally regressing in the public infrastructure needed to develop industry while keeping structural costs artificially high. Mark my words: very little will have been accomplished inflation wise but industrial activity will drop permanently as factories that cannot handle high costs leave.
argentinian 2y ago
Poverty statistics are showing an improvement

Panzer04 2y ago

Real cost in USD going up because they're releasing the artificial peg that most people can't access anyway? No one says it's going to be all sunshine and roses, but fixing inflation and housing/rental prices seems like a pretty solid start, as well as moving towards eliminating a currency peg.

simiones 2y ago
If real cost of living in USD is going up, how are they fixing inflation?
Daishiman 2y ago
Where are you getting that they’re releasing the peg? No market instrument has priced that in and every time it gets raised the Minister of Economy moves the bar for when that will happen. They need a capital injection from the IMF that they will never get because Caputo asked for $45 billion loan for the IMF for the same purpose two presidencies ago and it changed nothing.

zone411 2y ago

You meant utilization not capacity. Your other points are similarly confused. Argentinians disagree. "The percentage of Argentines who say their standard of living is getting better (53%) has inched above the majority level for the first time since 2015." https://news.gallup.com/poll/654089/javier-milei-argentina-charts.aspx https://news.gallup.com/poll/654089/javier-milei-argentina-c... "Argentina's monthly inflation rate dropped to 2.2% in January, its lowest since mid-2020 after libertarian President Javier Milei took office just over a year ago ushering in austerity measures that have helped stabilize the embattled economy." https://www.reuters.com/world/americas/argentina-inflation-rate-seen-hitting-milei-era-low-2025-02-13/ https://www.reuters.com/world/americas/argentina-inflation-r...

xinayder 2y ago
Dropped to 2.2% after a 120% inflation in the past years? Compared to before Milei, costs are completely high and people who could live with their (now considered low) income are barely surviving. You can say he's fixing it, but at the same time pretty much driving almost the whole population into poverty. And then the next president will have to deal with it and probably undo whatever Milei did. It's unsustainable.
- Izikiel43 2y ago
  Hey, how much was inflation in 2023 when Milei didn't rule? > 211.4% https://apnews.com/article/argentina-inflation-december-annual-milei-economic-measures-68f27bf0473590fabb5b6c1aff80579f https://apnews.com/article/argentina-inflation-december-annu... 2024? > 117% https://www.batimes.com.ar/news/economy/indec-reveals-argentinas-2024-inflation-rate-1178.phtml https://www.batimes.com.ar/news/economy/indec-reveals-argent... Has inflation been high over at least 2 years? Yes. Has it gone done by almost half? Yes. According to private economists/universities, poverty is around 37%, which is even lower than we he started to rule, we will have to wait for official statistics in March I believe.
  - meiraleal 2y ago
    [dead]
Daishiman 2y ago
I’m sorry but opinion polls I this country are worth the paper they’re written on. Menem’s political program wrecked the Argentinian economy the same way this program is doing and the man got reelected with some of the highest increases in poverty during that period. The important thing is that outsiders are falsely believing that the problem with this country is high inflation instead of low economic productivity. The country has dealt with high inflation for a century and during that time has the highest standard of living of Latin America and a solid middle class. What Milei is doing is literally regressing in the public infrastructure needed to develop industry while keeping structural costs artificially high. Mark my words: very little will have been accomplished inflation wise but industrial activity will drop permanently as factories that cannot handle high costs leave.

argentinian 2y ago

Poverty statistics are showing an improvement