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34 sats \ 3 replies \ @398ja OP 8 Jul 2024 \ 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...
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54 sats \ 2 replies \ @Undisciplined 8 Jul 2024
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.
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54 sats \ 1 reply \ @398ja OP 8 Jul 2024
We're all rooting for Milei because we recognise how significant his success would be for the rest of the fiat world...
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0 sats \ 0 replies \ @krispy_donkey 8 Jul 2024
I have not been following since he was elected. What would be the significance of his success to fiat?
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