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Shardikprime @lemmy.world

3mo ago

Argentina’s monthly inflation drops to 2.7%

buenosairesherald.com Attention Required! | Cloudflare

36 comments

Poverty figures made a record jump of 11 points in the span of six months.
All they needed is to sacrifice the poor. Poverty is now at 53% in the country.
- Have they tried raise VAT and kill all the poor?
- Sounds like a libertarian utopia!
- Inflation was 200% last December, poverty would be 100% without drastic action.
- After a 49% poverty left by the previous government. So a tick of 4% after that is almost nothing
  People voted him for a reason
  
  I mean that's a 10% (almost) change. I'd consider that significant for a population.

That is some serious progress.
- This is terrifying news for the MMT crowd though as it's pretty good proof their theory is bullshit.
  
  In what way is Argentina inconsistent with MMT?
- It is indeed, most of the country is happy with this development
  
  Most of the country is under the poverty live genius, and the ones that are not, have no money no spend and that why a recession is happening. Take your head out of your ass.

If this success lasts a long time, it will almost certainly guarantee a dystopian future for all of us.
- Argentina only has 32% inflation, what a success!
  
  I know your being sarcastic but compared to what they were dealing with, 32% is actually a big success
  
  Indeed, from 211% annual inflation to 107%? Astonishing success
- How?

36 comments