Shardikprime@lemmy.world to News@lemmy.world · 22 hours agoJavier Milei’s first year: $3 billion surplus and tenfold lower inflation in 2024www.financial-world.orgexternal-linkmessage-square65fedilinkarrow-up188arrow-down122
arrow-up166arrow-down1external-linkJavier Milei’s first year: $3 billion surplus and tenfold lower inflation in 2024www.financial-world.orgShardikprime@lemmy.world to News@lemmy.world · 22 hours agomessage-square65fedilink
minus-squareFireTower@lemmy.worldlinkfedilinkarrow-up2arrow-down1·5 hours agoOnly if you believe there is no direct connection between the devaluation of people’s savings paired with increased costs of goods and poverty. Hyper inflation in itself leads to poverty.
minus-squareFlying Squid@lemmy.worldlinkfedilinkarrow-up2·2 hours agoThen why is poverty so much higher now than it was before Milei started implementing his libertarian ideas?
minus-squareFireTower@lemmy.worldlinkfedilinkarrow-up1·58 minutes agoBecause inflation is compounding in nature just like interest is. The longer you have a high inflation rate the worse the situation gets.
minus-squareFlying Squid@lemmy.worldlinkfedilinkarrow-up1·7 minutes agoInflation is getting lower and poverty is rising. You’re not making sense. Meanwhile, child mortality is also going way up. You’re not justifying Milei’s liberarianism because it’s not doing what you are claiming.
Only if you believe there is no direct connection between the devaluation of people’s savings paired with increased costs of goods and poverty.
Hyper inflation in itself leads to poverty.
Then why is poverty so much higher now than it was before Milei started implementing his libertarian ideas?
Because inflation is compounding in nature just like interest is. The longer you have a high inflation rate the worse the situation gets.
Inflation is getting lower and poverty is rising. You’re not making sense. Meanwhile, child mortality is also going way up.
You’re not justifying Milei’s liberarianism because it’s not doing what you are claiming.