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Don't tread on me (lemmy.world)
submitted 6 months ago by to c/politicalmemes@lemmy.world
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[–] 1 point 6 months ago (8 children)

Oh he absolutely does not have inflation under control, and his approval rating is plummeting as it gets more obvious that his fire-selling the economy of Argentina is a band aid on a gunshot wound: https://finance.yahoo.com/economy/articles/milei-approval-falls-argentina-inflation-181705477.html

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  • [–] 1 point 6 months ago* (7 children)

    What data are you looking at?

    (I said it's down, not "under control")

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  • [–] 1 point 6 months ago* (5 children)

    Do you think 32.6% inflation isn't high?

    I think 3-4% is usually considered healthy for growth. They're at 10x that.

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  • [–] 1 point 6 months ago (4 children)

    I think it's lower than 300%. Isn't it?

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  • [–] 1 point 6 months ago (3 children)

    32% isn't even close to "under control" my dude

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  • [–] 1 point 6 months ago (2 children)

    Read the previous comments. Check who said it's "under control". Reply to that person.

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  • [–] 2 points 6 months ago (1 child)

    You literally did:

    So Milei won and did what the previous governments didn't want to do: cut spending. He got inflation under control by sacrificing big chunks of society.

    That's a direct quote from you.

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  • [–] 1 point 6 months ago

    Shit, you're right. I later said inflation is down and though you were referring to this part. Missed that sentence, sorry. Yeah, inflation is down but they are definitely not out of the woods yet. Deflationary processes tend to be volatile and no one knows which way it will go yet. On one hand it would be nice for all of it to collapse so we have another proof that right with populism doesn't work. On the other hand Argentinian people could really use a break.

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