this post was submitted on 17 Oct 2023
277 points (97.3% liked)
science
14751 readers
358 users here now
A community to post scientific articles, news, and civil discussion.
rule #1: be kind
<--- rules currently under construction, see current pinned post.
2024-11-11
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Unfortunately people here do not understand Argentinian reality.
This guy is the only candidate who actually has a very detailed plan on how he can end Argentina’s fiscal deficit, which has been prevalent for over 100 years and has caused 20 of our 22 economic crises.
While I do not agree with everything he says, it is fucking refreshing to have someone come and argue with facts and plans instead of “I’m gonna solve all these problems, I’m the best at this and that, vote for me” (like Mr. Orange if you know that I mean).
It really seems he will win. And I sincerely hope so, not because I hate science or people, but because dollarazing the economy might just be what can save Argentina once and for all. That’s actually his main proposal and not even mentioned in the article.
It may not work, but a Peronist government hasn’t work for almost a century.
It seems extremely naive and dangerous to trust that the crazy anti-science right wing populist actually having a working plan for anything, much less ending a national deficit.
He’s been around for over 10 years repeating the same stuff, and when you take a look at it, it does make sense. I don’t trust him completely, but I like this proposal a lot. Ecuador had a great experience after dollarizing, this can be seen in the inflation data and I have also heard good things from fellow Ecuadorians.
I know nothing of the situation, but consider if he is the o it one saying it it might he for a reason. Populists never end well. They tell you what you want to hear. More often than not telling you what you want to hear morphs into making you agree with what they say.
You can have a very detailed, impractical plan.
For example, his plan for dollarization requires going into a lot of debt, when we're already drowning in it and no one wants to buy our bonds.
Of course, he says that he will regain investors's trust but that seems unlikely given our track record, how Milei is perceived internationally, and the fact that major investment banks have argued against dollarization.
I don't understand why they think dollarization is the silver bullet to solve all argentinean economic problems, like what country om earth dollarized their economy and are doing right?
It's funny reading this and then the next comment is about him calling climate change a hoax
Newton believed and experimented with alchemy. So even the brightest people can have odd opinions
Edit: the lack of self awareness is pretty sad. The point is that the very people that downvote this comment would have rejected classical physics because he also espoused beliefs that were at odds with what people believed
Yes, but Newton did not have access to heaps of information unquestionably debunking alchemy
"Science is wrong sometimes, making them and all of us look like stupid bitches!"
Googles him and his plans. Looks like you're all set for another 100 years of fiscal deficit
Argentinians already do everything possible to get paid in dollars, so they might as well make it their official currency, assuming that doesn't have any negative consequences for the dollar overall. I know some people who live in Argentina and they said that if they got paid in pesos, their paycheck would be worthless within a few days. If they don't get paid in dollars then they have to pay fees to convert pesos to dollars for any money they're not going to immediately spend, and there's a very small limit on how much they can convert at a time. It sounds like a really fucked up financial situation over there. On top of all of that, they're facing a housing price crisis, just like the rest of the world.
Unfortunately the Dollar is going Endgame. We're trapped in a debt spiral that's either going to blow up interest rates to unstable proportions causing Global Instability, or be forced to drop interest rates back to nothing causing hyper inflation for America.
The USA will most likely transition to a central bank backed digital currency (CBDC) as the dollar implodes and I don't understand how that might affect countries still using the dollar.