34 sats \ 3 replies \ @398ja OP 8 Jul \ parent \ on: Argentina’s Recent Inflation Trends Are Proving Hazlitt Right - FEE econ
Oh Yes!
An inflation rate of 4% per month results in an annual inflation rate of approximately 60.1% when compounded. It would take approximately 17.67 months for the value of money to halve at a 4% monthly inflation rate.
But the graph suggests they are on the right track...
write
preview
54 sats \ 2 replies \ @Undisciplined 8 Jul
It does and I don't want to under appreciate that. It's just wild how big of a hole the previous regimes dug the country into.
reply
54 sats \ 1 reply \ @398ja OP 8 Jul
We're all rooting for Milei because we recognise how significant his success would be for the rest of the fiat world...
reply
0 sats \ 0 replies \ @krispy_donkey 8 Jul
I have not been following since he was elected. What would be the significance of his success to fiat?
reply