The poverty rate had been trending that way well before milei took office. It’s not an overnight fix
Things have to get worse before they get better.
What does this have anything to do with economics
Itt gringos that know Jack shit about Argentina
What was the poverty rate before he started?
Is this the dipshit who said the Fed buys Treasury bonds directly from the US Treasury when shilling for crypto shit? Or was that another country in Central/South America?
Old karma bot repost. Ffs use ’24 news
Lame recycling headline AI bullshit downvote
Funny how libertarianism always seems to provide more liberty for a certain group but not most people.
Funny how providing benefits and liberty to all people is now communist and socialist and bad.
Funny, that. Makes you laugh like ha ha ha ya know
Elon’s hair plugs are like the inverse of Fry’s worms.
Purchasing power is at an all time low, but yay he’s stabilizing their economy. Now instead of being out of control, it’s a consistent pile of shit
Ol Nostradamus strikes again
But poverty was almost 60% the last month before it took power, this is just stupid. He just preventen hyperinflation from 15000% to 40% in just 9 months, what else he should acomplish?
Im from argentina an my real wage, went up 3x, only people who relied on rents and US dollars (rich and high class) saw a small reduction on purchasing power.
Fun fact. This is a lesson in how socialist programs fail.
Argentina has basically been socialist in varying capacity for 50+ years. They have had EXTREMELY robust social programs and interference since about ww2.
Almost everything there is publicly owned. They have tried to print their way into prosperity, hence the 230%? annual inflation rate, now.
And these failed socialist policies are exactly why they voted in a Libertarian.
To blame the current administration for literally decades of failures and bankruptcy and debt is either ludicrous or propaganda. You be the judge.
>“Conservatives are not necessarily stupid, but most stupid people are conservatives…
>I never meant to say that the Conservatives are generally stupid. I meant to say that stupid people are generally Conservative. I believe that is so obviously and universally admitted a principle that I hardly think any gentleman will deny it. Suppose any party, in addition to whatever share it may possess of the ability of the community, has nearly the whole of its stupidity, that party must, by the law of its constitution, be the stupidest party; and I do not see why honorable gentlemen should see that position as at all offensive to them, for it ensures their being always an extremely powerful party…
>There is so much dense, solid force in sheer stupidity, that any body of able men with that force pressing behind them may ensure victory in many a struggle, and many a victory the Conservative party has gained through that power.”
― John Stuart Mill (British philosopher, economist, and liberal member of Parliament for Westminster from 1865-1868)
>1. “Always and inevitably everyone underestimates the number of stupid individuals in circulation.”
>2. “The probability that a certain person be stupid is independent of any other characteristic of that person.”
>#3. “A stupid person is a person who causes losses to another person or to a group of persons while himself deriving no gain and even possibly incurring losses.”
>4. “Non-stupid people always underestimate the damaging power of stupid individuals. In particular non-stupid people constantly forget that at all times and places and under any circumstances to deal and/or associate with stupid people always turns out to be a costly mistake.”
>#5. “A stupid person is the most dangerous type of person.”
didn’t we already see how “shock therapy” failed miserably in 1990s russia , why are we trying it again?
When addict is in recovery, off the drug and miserable with sweats and shakes and nightmares and mood swings due to withdrawal, do you mock their suffering, or congratulate them on taking the first step towards long-term health?
This is just misleading. Poverty increased by 11%, which makes sense when the government stops all the extra money. But then it ignores the benefits like reduced inflation and rents falling 40%.
If you want to cherry pick a stat then you are just a propagandist.
17 comments
The poverty rate had been trending that way well before milei took office. It’s not an overnight fix
Things have to get worse before they get better.
What does this have anything to do with economics
Itt gringos that know Jack shit about Argentina
What was the poverty rate before he started?
Is this the dipshit who said the Fed buys Treasury bonds directly from the US Treasury when shilling for crypto shit? Or was that another country in Central/South America?
Old karma bot repost. Ffs use ’24 news
Lame recycling headline AI bullshit downvote
Funny how libertarianism always seems to provide more liberty for a certain group but not most people.
Funny how providing benefits and liberty to all people is now communist and socialist and bad.
Funny, that. Makes you laugh like ha ha ha ya know
Elon’s hair plugs are like the inverse of Fry’s worms.
Purchasing power is at an all time low, but yay he’s stabilizing their economy. Now instead of being out of control, it’s a consistent pile of shit
Ol Nostradamus strikes again
But poverty was almost 60% the last month before it took power, this is just stupid. He just preventen hyperinflation from 15000% to 40% in just 9 months, what else he should acomplish?
Im from argentina an my real wage, went up 3x, only people who relied on rents and US dollars (rich and high class) saw a small reduction on purchasing power.
Fun fact.
This is a lesson in how socialist programs fail.
Argentina has basically been socialist in varying capacity for 50+ years. They have had EXTREMELY robust social programs and interference since about ww2.
Almost everything there is publicly owned.
They have tried to print their way into prosperity, hence the 230%? annual inflation rate, now.
And these failed socialist policies are exactly why they voted in a Libertarian.
To blame the current administration for literally decades of failures and bankruptcy and debt is either ludicrous or propaganda. You be the judge.
>“Conservatives are not necessarily stupid, but most stupid people are conservatives…
>I never meant to say that the Conservatives are generally stupid. I meant to say that stupid people are generally Conservative. I believe that is so obviously and universally admitted a principle that I hardly think any gentleman will deny it. Suppose any party, in addition to whatever share it may possess of the ability of the community, has nearly the whole of its stupidity, that party must, by the law of its constitution, be the stupidest party; and I do not see why honorable gentlemen should see that position as at all offensive to them, for it ensures their being always an extremely powerful party…
>There is so much dense, solid force in sheer stupidity, that any body of able men with that force pressing behind them may ensure victory in many a struggle, and many a victory the Conservative party has gained through that power.”
― John Stuart Mill (British philosopher, economist, and liberal member of Parliament for Westminster from 1865-1868)
>1. “Always and inevitably everyone underestimates the number of stupid individuals in circulation.”
>2. “The probability that a certain person be stupid is independent of any other characteristic of that person.”
>#3. “A stupid person is a person who causes losses to another person or to a group of persons while himself deriving no gain and even possibly incurring losses.”
>4. “Non-stupid people always underestimate the damaging power of stupid individuals. In particular non-stupid people constantly forget that at all times and places and under any circumstances to deal and/or associate with stupid people always turns out to be a costly mistake.”
>#5. “A stupid person is the most dangerous type of person.”
― Economic Historian Carlo Cipolla, [*The Basic Laws of Human Stupidity*](https://qz.com/967554/the-five-universal-laws-of-human-stupidity)
didn’t we already see how “shock therapy” failed miserably in 1990s russia , why are we trying it again?
When addict is in recovery, off the drug and miserable with sweats and shakes and nightmares and mood swings due to withdrawal, do you mock their suffering, or congratulate them on taking the first step towards long-term health?
This is just misleading. Poverty increased by 11%, which makes sense when the government stops all the extra money. But then it ignores the benefits like reduced inflation and rents falling 40%.
If you want to cherry pick a stat then you are just a propagandist.