[HNArg024]

We want to be stuck with whatever the Fed does. You might think that's stupid because the Fed is not great, but what we have right now is way worse.

One of Javier's main goals is to remove to the Argentine politician the capacity to emit more useless currency. I don't know if he's going to go ahead with that proposal or if it's going to sleep forever "soon to come", but we are just tired of our politicians, at the point that we prefer to depend on politicians of another country to dictate our monetary policy...

[resters]

Won't the pain be suffered primarily by the poorest Argentinians? If transit subsidies are removed, how will people get to their jobs?

[AnimalMuppet]

The current pain is also suffered by the poorest Argentinians.

[bluGill]

Short term. However many of them could become middle class if the government didn't keep screwing their efforts to get ahead. Switching to a stable currency will cause pain short term, but that is a.one time pain, but once the pain is paid they get a stable currency unlike now where inflation has been destroying the poor for nearly 100 years.

Of course they are betting the us dollar remains stable. Nobody can know this for sure, but history says it is a better bet than the status quo.

[culopatin]

Implying the poor are poor just because of some random act and not because the current administration put them there. Milei voiced that removing the subsidies in the current situation is nonsense and that first he wants to work on bringing income up so people can afford subsidy-less fares.

[resters]

Ahh I hadn't seen that detail reported. Thank you.

[thriftwy]

Their employers will have to pay them more to commute in?

Noy many things more stupid than subsidying somebody else's private for-profit business costs.

[Daishiman]

I have no idea what world you live in where you think employee raises are managed in a thoroughly rational and logical way.

[thriftwy]

They will lose employees and will have to offer more to the new ones.

The state will stop bleeding so much cash.

[JAlexoid]

Em... I mean the American coal towns of just over 100 years ago paint a very different story.

That's when you have government give exclusive power to use resources to individuals and provide firepower to them. Remove all limitations of contractual terms and all labor protections.