Lessons from Argentina's Crazy Economy
1–10 of 48 posts
Re: Lessons from Argentina's Crazy Economy
#2Surprisingly accurate
Re: Lessons from Argentina's Crazy Economy
#3A big problem is the lack of regulation, IMO. That owner who is doing things "en negro" hurts the rest of the country and should be fined accordingly. Since no one takes a big step forward to stop it, people see their colleges do it and the trend continues.
Inflation is also pretty bad, but I don't think it falls completely on the shoulder of the Government. Some items are simply overpriced. I'm not talking between a big store and a simple corner store, I mean between two big chains you can see price differences of 50% or more sometimes. Again, taking advantage of the lack of regulation.
And we don't all see the U.S. as THE economic model, far from it.
Re: Lessons from Argentina's Crazy Economy
#4Does anyone think that something like bitcoin could help these people out? It seems like the government there is not doing its job and providing infrastructure to conduct business. Why not use a distributed payment system?
Re: Lessons from Argentina's Crazy Economy
#5"A crisis is an opportunity, what's my opportunity?"
Re: Lessons from Argentina's Crazy Economy
#6Does anyone think that something like bitcoin could help these people out? It seems like the government there is not doing its job and providing infrastructure to conduct business. Why not use a distributed payment system?
Government? what a joke! please visit Argentina, it's a beautiful country but there is a big disconnect between the different Governments and the reality.
Re: Lessons from Argentina's Crazy Economy
#7A big problem is the lack of regulation, IMO. That owner who is doing things "en negro" hurts the rest of the country and should be fined accordingly. Since no one takes a big step forward to stop it, people see their colleges do it and the trend continues. Inflation is also pretty bad, but I don't think it falls completely on the shoulder of the Government. Some items are simply overpriced. I'm not talking between a…
"That owner who is doing things "en negro" hurts the rest of the country and should be fined accordingly". This is a chicken/egg issue. People try to avoid taxes also because past governments confiscated their savings.
Speaking from the entrepreneurship perspective, there is a big issue having employees, if you fire them you need to pay a salary for each worked year. So a employee with 10 years of work receives 10 salaries if he's fired.
Re: Lessons from Argentina's Crazy Economy
#8A big problem is the lack of regulation, IMO. That owner who is doing things "en negro" hurts the rest of the country and should be fined accordingly. Since no one takes a big step forward to stop it, people see their colleges do it and the trend continues. Inflation is also pretty bad, but I don't think it falls completely on the shoulder of the Government. Some items are simply overpriced. I'm not talking between a…
I'm not Argentinian, but based on the article it seems like there is plenty of regulation as it is.
The problem is that these regulations change like the direction of the wind, and are unevenly enforced, and easily dodged via bribery.
Re: Lessons from Argentina's Crazy Economy
#9A big problem is the lack of regulation, IMO. That owner who is doing things "en negro" hurts the rest of the country and should be fined accordingly. Since no one takes a big step forward to stop it, people see their colleges do it and the trend continues. Inflation is also pretty bad, but I don't think it falls completely on the shoulder of the Government. Some items are simply overpriced. I'm not talking between a…
The way the system is set up is that, overwhelmingly, it was (still is?) impossible to run a private business in large compliance with the law. The alternative to non-compliance is death (businesswise). The aggressor here is the state and not the private individuals.
Re: Lessons from Argentina's Crazy Economy
#10A big problem is the lack of regulation, IMO. That owner who is doing things "en negro" hurts the rest of the country and should be fined accordingly. Since no one takes a big step forward to stop it, people see their colleges do it and the trend continues. Inflation is also pretty bad, but I don't think it falls completely on the shoulder of the Government. Some items are simply overpriced. I'm not talking between a…
I'm not Argentinian, but based on the article it seems like there is plenty of regulation as it is. The problem is that these regulations change like the direction of the wind, and are unevenly enforced, and easily dodged via bribery.
Bribery is also something of a safety valve. When the state stands in the way of (otherwise peaceful and voluntary) exchange, paying a bribe may be a better outcome than not having these productive activities happen (indirectly as well, the state may benefit from increased tax revenues later on). Of course, some bribery can be evil, but the problem is not corruption itself, rather the power that fosters it is.