[coliveira]

The only people who will benefit from this are the financial elite in Argentina who are selling pesos and getting dollars as quickly as they can, and the hedge funds who invested in Argentina and need a way out. The current government, which is a bad joke, will never win anything else. The economy will continue to go south because this plan doesn't work even in the short term.

[donavanm]

I personally think milei the politician is a clown. And many of his statements are just offensive to anyone who can spark two braincells together. I also thought he was going to burn it all down in a blaze of hubris after his election.

But its hard to argue with arresting the inflation, gdp, and budget surplus numbers. Im not sure how the economy is “going south.” Generously the policies have arrested the slide?

I dont imagine the typical argentine is better off with 200% inflation, 50% unemployment, and a 57% poverty rate. Avoiding that return seems to be quite a benefit for just about everyone?

[watwut]

It is easy to arguw with those. The plan of artificially keeping currency is not a new one and was tried multiple times before.

Each time, you have initial seeming success and then crash.

[Daishiman]

> But its hard to argue with arresting the inflation, gdp, and budget surplus numbers. Im not sure how the economy is “going south.” Generously the policies have arrested the slide?

Sure it is. Public education and science funding is at a historic minimum that is destroying tons of long term scientific and educational initiatives. Roads are falling apart in a gigantic country and what’s left of rail is being scrapped for parts and sold to private entities that will let rails decay just like everywhere else where it was privatized.

Consumer spending continues to go down, industry is not competitive with this fake exchange rate causing a loss of high quality jobs and forcing everyone to take a second job as an Uber driver.

We’ve seen this play out again and again. The government will default, then hyperinflation and social crises until the low prices of everything make the economy competitive again.

This has played out again and again with far more competent governments and we keep being right about it.

[nradov]

The Argentinian government was literally out of cash. There was nothing left and no ability to borrow. So complaining about cuts to education, science, and transportation seems a little silly. How exactly were they supposed to pay for it?

In the long run there are things they can do to raise revenue and cut waste. But when you're stuck in a deep hole the first thing you need to do is stop digging.

[rightbyte]

One way to cover expenses is to raise income. The dude running the gov is a libertarian. I don't think he sees running out of other peoples money as a problem. It might be the point. "Big gov".

[nradov]

I don't think you understand the severity of the cash crunch they were facing. How exactly could they raise government revenue fast? Tax rates were already high and compliance was low. Can't get blood from a stone.

Longer term they could maybe sell off some state assets but it takes time to bring in any cash that way.

[Daishiman]

The severity of the cash crunch has been seen time and time again with the difference being that loans were used to fund a functioning government instead of being used by rich people to buy cheap US dollars to fund their vacations in Europe.

[AbraKdabra]

> is at a historic minimum that is destroying tons of long term scientific and educational initiatives.

Education was always shit. I live in Argentina, the PISA results from last exam are demential and I doubt they can get worse, don't lie to people please. There's absolutely no way in the world education can get to today levels in one and a half years of Milei.

> Roads are falling apart in a gigantic country

Roads were NEVER good, either you don't live in Argentina and you definitely can't have an opinion, or you live here and never left your house. Again, please don't lie to people, we have been living in hell for 20 years, nothing breaks like you say in one and a half years.

> and what’s left of rail is being scrapped for parts and sold to private entities that will let rails decay just like everywhere else where it was privatized.

Whoa you have a crystal magic ball? The kukas governed for 20 years, don't tell me all the railroad system decayed exactly when Milei assumed...

[Daishiman]

"Kukas"

Ok, good to know you have no idea what you're talking about.

Everything you're saying is hyperbole. "Things are bad" is not a serious talking point. Things are relative and between the education in Zimbabwe and Denmark there is a huge gap.