Because inflation rate is decreasing. It’s still triple digits but it’s going down.
Imagine a wildfire spreading rapidly. Remedial action is taken and then it continues to spread but notably slower. Obviously there’s more to do but it is still good news for a place where that is in short supply.
Or we could perpetually redistribute the excess wealth of the rich so everyone can have proportional spending power again.
Ir we could tie min wage to inflation.
There’s better ways of fixing income inequality than making everyone unemployed and homeless, but i guess it’s time humanity learn this economic lesson AGAIN instead of making correct decisions.
There is not enough wealth in Argentina to distribute to all the poor people. You need to grow the economy first. But if you print a lot of money and spend it, you get inflation.
So Milei is first getting spending and inflation in order which is cratering the economy. But at least it solves the budget and inflation problem.
But the people are unemployed and in poverty.
They would be either way. For the moment there is some hope and evidence things are getting better instead of just endlessly sliding worse and worse.
The evidence is it’s getting worse, not better. Poverty is increasing significantly.
How is there hope?
Because inflation rate is decreasing. It’s still triple digits but it’s going down.
Imagine a wildfire spreading rapidly. Remedial action is taken and then it continues to spread but notably slower. Obviously there’s more to do but it is still good news for a place where that is in short supply.
It’s why inflation sucks soo much.
The only realistic way to make it so you can keep affording to buy something is to make it so alot of people can’t afford anything for now.
Or we could perpetually redistribute the excess wealth of the rich so everyone can have proportional spending power again.
Ir we could tie min wage to inflation.
There’s better ways of fixing income inequality than making everyone unemployed and homeless, but i guess it’s time humanity learn this economic lesson AGAIN instead of making correct decisions.
There is not enough wealth in Argentina to distribute to all the poor people. You need to grow the economy first. But if you print a lot of money and spend it, you get inflation.
So Milei is first getting spending and inflation in order which is cratering the economy. But at least it solves the budget and inflation problem.
…at the cost of human lives. Why does that not concern you?
Let me guess what you said about 10% inflation in the US
Now imagine 200%
Please do guess. But not before answering my question.