formthirteen Posted November 20, 2023 Share Posted November 20, 2023 Latin America is trying hard to find out which system works: https://twitter.com/devarbol/status/1726454671504716058 Link to comment Share on other sites More sharing options...
rkbabang Posted November 20, 2023 Share Posted November 20, 2023 38 minutes ago, formthirteen said: Latin America is trying hard to find out which system works: https://twitter.com/devarbol/status/1726454671504716058 Now lets do the US. Link to comment Share on other sites More sharing options...
bizaro86 Posted November 20, 2023 Share Posted November 20, 2023 1 hour ago, Spekulatius said: Adopting the USD instead of the Peso imo is already a very bad idea, imo. I think they need to have some sort of stable currency for the economy to function, and the peso has lost any semblance of trust. It's better for a country to have it's own currency (since it can control its own monetary policy according to domestic conditions) but I think they're past that. Link to comment Share on other sites More sharing options...
rkbabang Posted November 20, 2023 Share Posted November 20, 2023 1 minute ago, bizaro86 said: I think they need to have some sort of stable currency for the economy to function, and the peso has lost any semblance of trust. It's better for a country to have it's own currency (since it can control its own monetary policy according to domestic conditions) but I think they're past that. It is not better that a country has the ability to control its money. That's the problem with fiat and why their money isn't worth anything to begin with. The USD is better than the peso, because it's the world's reserve currency currently which let's the FED get away with a lot and the demand remains. But hopefully people there move to BTC over time because the USD isn't great either and if it loses reserve status (a certainty long term) they will be right back to where they started. Using a worthless currency. Link to comment Share on other sites More sharing options...
Spekulatius Posted November 20, 2023 Share Posted November 20, 2023 (edited) 44 minutes ago, bizaro86 said: I think they need to have some sort of stable currency for the economy to function, and the peso has lost any semblance of trust. It's better for a country to have it's own currency (since it can control its own monetary policy according to domestic conditions) but I think they're past that. The USD is not a solution for them. For once it will create a scarcity of cash and pot. blow up their banking system (or what remained of it). Milei needs to put a central bank leader in place who has some credibility and pull a Hjalmar Schacht like miracle. Inflation is always a political problem and with new leadership it's his job to address this. Happy to be wrong here. In any case, this will be interesting. Edited November 20, 2023 by Spekulatius Link to comment Share on other sites More sharing options...
james22 Posted November 21, 2023 Share Posted November 21, 2023 LOL Link to comment Share on other sites More sharing options...
Spekulatius Posted December 9, 2023 Share Posted December 9, 2023 Very good summary of the historical background and the current situation in Argentina from Patrick Boyle: Link to comment Share on other sites More sharing options...
A Humble Man Posted December 30, 2023 Share Posted December 30, 2023 Thought we should continue this discussion. Any thoughts on: 1. dollarizarion, 2. inflation, 3. energy exports, 4. development of other industries aside from agriculture 5. last but not least, Milei himself? Link to comment Share on other sites More sharing options...
A Humble Man Posted January 3 Share Posted January 3 No one? Link to comment Share on other sites More sharing options...
formthirteen Posted January 17 Share Posted January 17 Milei flew economy class to Davos: Link to comment Share on other sites More sharing options...
ValueArb Posted January 17 Share Posted January 17 Thats a commercial flight, but not economy, looks like business class? Either way, impressive. Link to comment Share on other sites More sharing options...
Gamecock-YT Posted January 18 Share Posted January 18 as a plane nerd I think this is lufthansa business class. Most likely the 747-800 flying EZE-FRA. Link to comment Share on other sites More sharing options...
Spooky Posted January 18 Share Posted January 18 Does anyone know any good resources that go in depth on the history of Argentina's economic problems? Link to comment Share on other sites More sharing options...
rkbabang Posted January 22 Share Posted January 22 A good article on Milei, what he’s up against and can likely accomplish. Written by Bryan Caplan a libertarian-leaning economics professor at George Mason University. https://betonit.substack.com/p/will-milei-make-argentina-great-again Link to comment Share on other sites More sharing options...
Pelagic Posted January 22 Share Posted January 22 9 hours ago, rkbabang said: A good article on Milei, what he’s up against and can likely accomplish. Written by Bryan Caplan a libertarian-leaning economics professor at George Mason University. https://betonit.substack.com/p/will-milei-make-argentina-great-again A sobering look at just how long real policy change can take. Quote Optimistically, Milei could close a quarter of the economic policy gap between Argentina and Chile after two four-year terms. Link to comment Share on other sites More sharing options...
valueventures Posted February 18 Share Posted February 18 First monthly budget surplus in 12 years: https://www.barrons.com/news/argentina-sees-first-monthly-budget-surplus-in-12-years-a148e46a Link to comment Share on other sites More sharing options...
Morgan Posted February 18 Share Posted February 18 No matter happens, this will be interesting to see the outcome. Link to comment Share on other sites More sharing options...
Spekulatius Posted February 18 Share Posted February 18 On 1/22/2024 at 10:34 AM, Pelagic said: A sobering look at just how long real policy change can take. The important thing is to start going in the right direction far enough that the average person see some tangible progress. That makes it likely that whoever is going to be elected next keeps doing the same thing. Link to comment Share on other sites More sharing options...
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