Comment by lanfeust6

Comment by lanfeust6 7 hours ago

3 replies

Argentina managed to save itself from hyperinflation by drastically cutting spending. By your logic, this could not be in the least bit predictable and inflation as a phenomenon doesn't even matter.

Supposing it did was fairly predictable that not setting money on fire would help recovery, what does it matter that there is no controlled scientific experiment involved? Or to put it another way, are there no facts to be gleaned from data?

thrance 6 hours ago

Argentina didn't manage shit, else they wouldn't have to be bailed out by the Trump admin. This should come as a surprise to no one, "General AnCap" may have artifically and temporarily given the impression of good numbers by destroying his country's public infrastructure, but this is at the direct cost of the future. Now they're starting to pay the price.

  • lanfeust6 6 hours ago

    > Argentina didn't manage shit

    You're deflecting. Curtailing inflation was an outcome of policy. The U.S. had fuck-all to do with it. Unless you're willing to acknowledge something so basic there's nothing else to say to someone disinterested in good faith discussion

    • genericresponse 3 hours ago

      Ehh... you're both wrong. Argentina ended 2024 with an annual inflation rate close to 100%. That's significantly lower, but still hyperinflation. It should be lower this year, but how much is the question.

      Whether that's maintainable long term is probably the decisive judgement. Argentina has had many cycles of hyperinflation, reset, hyperinflation again. The current bailout is not exactly a positive indicator.