pull down to refresh
193 sats \ 8 replies \ @Undisciplined 11 Jan \ on: Milei is a vintage Latin American populist inflationist - Saifedean thread econ
My main quibble with this thread is that the graphs begin prior to Milei taking office and the rate of money creation was highest there for most of the metrics.
@didiplaywell has pointed this out a bunch of times, but the previous regime had the printer running overtime in the lead up to Milei coming in.
it doesn't matter. Where is the promise of shutting down of central bank?
reply
Don't you know bankers own your government and every government ... except perhaps the CCP in China.
Milei would not be able to close down the central bank - there is not adequate consensus to do that in the Argentine assembly...and it cannot be done via executive order.
But if you look Milei has done a hell of a lot already - its just that Libertarians are not capable of understanding the nature of politics in the real world is getting what can be done done.
Libertarians will forever be pointlessly screeching about what they believe 'should' be done- but they will never do anything, more than complain...because they do not understand and cannot accept the reality that government is a potent factor in the wealth of nations.
reply
That's why I call it a quibble. Yes, let's see the big promises, now.
reply
Thank you for your mention.
About darthcoin, I'm not wasting a single second of my precious time reading whatever he vomited, let alone debating it. Just leave him being happy in his mom's basement.
reply
Thank you
Government payroll is down
Inflation is down
Regarding Darth, SN is a great community for armchair quarterbacks and economists and politicians
reply
LOL indeed buddy
reply
How do I say in Spanish? Darth, go fellate yourself
reply
Typical answer from a politician ass kisser... enjoy licking his boots.
reply