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Giuliano Giacaglia
@giu
Decline is a choice. That’s true in Argentina as well as in America! “Apparently it took Milei just 9 and a half weeks to balance a budget that was projected at 5% of GDP under the previous government. In US terms, he turned a 1.2 trillion dollar annual deficit into a 400 billion surplus. In 9 and a half weeks.”
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Catabolismo
@catabolismo
You damn sure decline is a choice. For example Milei decided to decline everyone's wages, pensions and savings through hyperinflation and austerity. It's not a question of whether it can be done, it's a question of how (in)human you have to be to decide to do it anyways despite the suffering it causes.
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L C
@lcoops
Argentina was in hyperinflation before Milei took charge. Generally inflation is a result of money printing to fund excessive government spending
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Catabolismo
@catabolismo
And yet it was with him that real wages dropped to a record bottom that had only been seen at the worst social crisis the country ever lived. Source: https://mateconomia.com.ar/
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L C
@lcoops
There's no info on what the y axis on that graph represents or even how you calculate the "real" value of something over time in Argentina. Are they discounting back to 2015 pesos using official inflation stats or are they converting wages to dollars?
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Catabolismo
@catabolismo
Yes, it's wages adjusted to inflation with 2015 as the reference point, no conversion to dollars afaik. We can debate percentages as long as you'd like but the bottom line is that Milei doesn't care about people, only the numbers and theories in his mind.
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