this post was submitted on 17 Oct 2023
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science

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[–] [email protected] -4 points 10 months ago (6 children)

Unfortunately people here do not understand Argentinian reality.

This guy is the only candidate who actually has a very detailed plan on how he can end Argentina’s fiscal deficit, which has been prevalent for over 100 years and has caused 20 of our 22 economic crises.

While I do not agree with everything he says, it is fucking refreshing to have someone come and argue with facts and plans instead of “I’m gonna solve all these problems, I’m the best at this and that, vote for me” (like Mr. Orange if you know that I mean).

It really seems he will win. And I sincerely hope so, not because I hate science or people, but because dollarazing the economy might just be what can save Argentina once and for all. That’s actually his main proposal and not even mentioned in the article.

It may not work, but a Peronist government hasn’t work for almost a century.

[–] yata 53 points 10 months ago (2 children)

This guy is the only candidate who actually has a very detailed plan on how he can end Argentina’s fiscal deficit, which has been prevalent for over 100 years and has caused 20 of our 22 economic crises.

It seems extremely naive and dangerous to trust that the crazy anti-science right wing populist actually having a working plan for anything, much less ending a national deficit.

[–] [email protected] 40 points 10 months ago (1 children)

You can have a very detailed, impractical plan.

For example, his plan for dollarization requires going into a lot of debt, when we're already drowning in it and no one wants to buy our bonds.

Of course, he says that he will regain investors's trust but that seems unlikely given our track record, how Milei is perceived internationally, and the fact that major investment banks have argued against dollarization.

[–] [email protected] 10 points 10 months ago

I don't understand why they think dollarization is the silver bullet to solve all argentinean economic problems, like what country om earth dollarized their economy and are doing right?

[–] [email protected] 38 points 10 months ago (1 children)

It's funny reading this and then the next comment is about him calling climate change a hoax

[–] [email protected] 24 points 10 months ago

Googles him and his plans. Looks like you're all set for another 100 years of fiscal deficit

[–] [email protected] 1 points 10 months ago

Argentinians already do everything possible to get paid in dollars, so they might as well make it their official currency, assuming that doesn't have any negative consequences for the dollar overall. I know some people who live in Argentina and they said that if they got paid in pesos, their paycheck would be worthless within a few days. If they don't get paid in dollars then they have to pay fees to convert pesos to dollars for any money they're not going to immediately spend, and there's a very small limit on how much they can convert at a time. It sounds like a really fucked up financial situation over there. On top of all of that, they're facing a housing price crisis, just like the rest of the world.