Unter Argentiniens neuem Präsidenten ist der Kraftstoffverbrauch um 60 % gestiegen und die Windelpreise haben sich verdoppelt

by ducktherionXIII

42 comments

  2. He’s tied the currency to the dollar.

    If it works it aligns the country economy with reality.

    Millei putting his political momentum at risk, immediately. Right or wrong, he’s trying something bold.

  3. Problem is when your country has sky high inflation doing nothing would also see these price increases

  4. He’s been President for two weeks? It’s absurd to think his policy is already impacting the economy substantially, for good or bad, much less to have enough data to judge him on it.

  5. Isn’t this the same as blaming Biden for high gas prices at the start of his term?

  6. I love this guy. Big hopes for him, when your currency is inflated to near nothingness there’s bound to be some pain for gain. But I expect to see nothing nice said about him here.

    Same for Bukele. We all know why.

  9. >*…racing to spend his Argentine pesos before their value disintegrates even further. “As soon as I get my paycheck, I go buy everything I can,”*

    That’s a pretty dangerous sign of inertial inflation. And they haven’t started cutting subsidies, which will certainly press inflation even further.

    Prices are high, but they haven’t reached hyperinflation levels yet, and I really hope they don’t.

  10. This is likely driven up by China ending their swap exchanges. This will get allot worse before it gets better.

  11. Didn’t they devalue the currency by 100% or something? If so, all these are items with reduced prices, essentially…

  14. Ideological opposite of blaming Biden for everything going wrong in February of 2021. The guy just got into office. The people before him left a huge box of shit on his doorstep, it’ll take time to clean it up and see any kind of improvement.

  15. He’s an economics expert so I’m sure he knows what he’s doing. I’m sure it’ll get worse before it starts to get better.

  16. lmao this guy always brings out the internets most delusional

  17. Just Argentinas decadely economic implosion, nothing to see here.

    Though, it must be said that if they survive this one, the policy that caused this might actually be good for the long term.

  18. It’s a hard transition but it’s one that has to be done in order to save them.

    I admire them. Many people don’t have the strength to attempt to save themselves. And since you can’t save people from themselves it’s a miracle they elected him.

    Argentina has some strong people.

  19. Isn’t this exactly what he said would happen in his inaugural address though

  20. Yes, well, he had warned about this. His reforms are necessary (at least some of them) but extremely painful in the short term.

  21. Yes, the price of items tends to double when you slash the value of your currency in half to match the current black market exchange rate. It doesn’t take a mathematical genius to comprehend.

  22. 100% inflation means the price of diapers doubles. Better to stop the inflation

  23. Kind of fucking crazy that media has convinced the masses that presidents should be the solve-all for a country’s problems

  25. I’ve been in Argentina since the start of the month and this article left out so many key details it may as well have appeared in the Daily Mail.

    Prices went from around 300 pesos/liter to around 623 pesos/liter at the public-owned YPF stations, a little more in private entities such as Shell, Axion and Puma. Prices already went up by around 60% between the end of October to Dec. The change of the official exchange rate from the artificially low one to the current levels probably paid a part, but current prices are insane in the current oil market. Argentina doesn’t have the cash to keep the subsidies the previous gouvernement happily handed out.

    Prices of goods have indeed increased massively, this has been the case for more than 4 years. A local Kiosco owner (think corner store/off license) just doesn’t bother labelling items because they constantly change. Again, the previous gouvernement implemented populist policies such as “Precios Justos” that have artificially been keeping the price of items extremely low. Again no country has the money to keep this kinds of policies, Argentina even less so.

    All of this is to say that most of the news I see coming out of US/UK and my home French media outlets keep on causally leaving out the critical details and casually ignoring the 4 years preceding Milei that caused the current situation. I honestly don’t give a shit about Milei as I’m not from here and not some fanboy either.

    I’ve been learning a lot while here and probably would become insane living here permanently. I feel like seeing a horse ride a bicycle wouldn’t be the most insane thing in my day when learning about previous argentine gouvernement policies.

  26. So an economic adjustment trying to correct decades of mismangement is painful?

    Shocked Pickahu!

  27. “I’m going to take office and it’s going to hurt a bit in the beginning” -milei 

    

    Inflation goes up as expected. 

    

    “SOMETHING SOMETHING SOMETHING TRUMP!!” -US Democrats 

    

    I’m not Republican just fyi.

  28. Liberal media wants the guy to fail, and maybe he does, but Argentina has been one of the worst managed economies in modern history. They need extreme solutions at this point. If he succeeds, it’ll be a case study that many other countries can draw from.

  29. If he’s doing what he said and actually tackling monetary policy issues then prices increasing is the price the country would need to pay to get out of dire straights.

  30. He is implementing austerity, and the IMF approves of the measures being implemented.

    The headlines about him are dripping with bias.

  33. He’s literally told everyone very clearly that this would happen and why.

  34. Why does Reddit keep getting flooded with posts telling me to hate this guy? He’s on the other side of the planet and in a country with which I have no relation. This is really weird. From what I read, he’s enacting policies that only affect his (to be blunt) smaller country. He ain’t the ruler of the USA or China or Russia… Why am I being told to hate him??

  36. Fuck articles like this that try to pin existing situations on new leaders. It’s a shameful tactic that’s been used repeatedly on US presidents too, like blaming Obama for existing issues, Trump, and now Biden. It’s low effort, and it’s just to rile people up so they click articles and pay those publishers that advertisement cash. The integrity of the press is so easily swayed by the promise of more profits.

  37. Well he didn’t lie, all the previous administration was stealing money creating an artificial price to appease the masses

  38. Most “Western” media are biased against him for some reason.
    I guess they would have preferred the autoritarian Peronists instead, with them printing more money, selling half of the country to China & censoring Social Media (Proposed during campaign).
    It seems they wanted us to turn into Venezuela 2 tbh.

  39. That’s what happens in the short term when you cut all the subsidies and price controls

    In the long term it’s beneficial. Milei explicitly said in the short term things would get worse before they get better.

    It’s like ripping off the bandaid.

  40. Yeah, the issue is with the guy who has been in power for 14 days not the disastrous economic policies of the past 20 years.

  41. I don’t follow Argentinian politics, but I also clearly remember Milei saying “it will get (a lot) worse before it gets better”.

  42. This title is just populism, he said that will happen short term, no wonder it happened basically overnight.. it’s not like some bad procces took place

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