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by luzojeda 571 days ago
I don't think so because except for the 90s Argentina had inflation since the 1950s[0]. That 70 years old would only remember the 90s as the most stable period. Sure, the 60s weren't that bad but we still had high inflation.

[0]: https://upload.wikimedia.org/wikipedia/commons/thumb/9/93/Ar... (just note the Y axis scale... if it were from 0 to 100 you would truly see there were very few years with 1 digit inflation)

1 comments

First, it is important to highlight for people no familiar with Argentina that the current yearly "Milei" inflation is above 40% and it could be difficult to go much below. This inflation takes into account a very basic basket. The current inflation is very high and the country is in a recession. This is just a macroeconomic measure beyond Milei and its legacy.

Then, sorry, you are mistaken about historical inflation rates and you can check that easily [1]. Comparing just one year of government inflation as a data point is not enough to extrapolate, and I haven't started talking about carry trade that gives investors more than 10% per month in USD. Last time that happened, just two governments ago and with The same guy, there was a crash one day.

[1] https://tradingeconomics.com/argentina/inflation-cpi