What is going on in Argentina?
memoirsandrambles.substack.com
What is going on in Argentina?
1–10 of 184 posts
Re: What is going on in Argentina?
#2I submitted a transcript from Javier Milei's address at the 54th annual meeting of the World Economic Forum, which I think explains a bit about what is happening, and what is about to happen, from the eyes of the newly elected president who has pretty strong and "out of the ordinary" opinions and ideas.
It got some upvotes, but sadly no discussions at all. Highly relevant when discussing Argentina at the moment though, but keep in mind this is just one extreme perspective, one side of the coin so to say: https://news.ycombinator.com/item?id=39436291 (https://www.americanrhetoric.com/speeches/javiermileiworldec...)
Re: What is going on in Argentina?
#3Sounds like a lot of arbitrage for the patient.
Re: What is going on in Argentina?
#4Argentina has been like this for a very long time. I studied abroad there in 2019 and it was exactly the same. I believe one of the reasons Brian Armstrong started Coinbase was because he saw how devastating inflation was to Argentina’s economy. Argentina was at one point a top 20 country in the world wealth wise and has obviously gone very down hill. It’s too bad, a lot of talented tech workers there.
Re: What is going on in Argentina?
#5“To give you have an idea, within the first 2 days in Argentina, I dealt with over five different rates. A restaurant actually offered me the proper blue rate (1100) to pay for the bill, whereas one cueva (informal exchange house) offered me 1050 and another 1070. The kiosk where I bought a SIM card from had it at 1060, and Uber, who did the currency conversion themselves rather than leaving it up to my credit card, did it at 1000.”
Ah, no. You do the cambio in downtown Buenos Aires once for the whole trip. Random restaurants offering you different rates or inflating your bill is simply people trying to take advantage of a foreigner.
Re: What is going on in Argentina?
#6I submitted a transcript from Javier Milei's address at the 54th annual meeting of the World Economic Forum, which I think explains a bit about what is happening, and what is about to happen, from the eyes of the newly elected president who has pretty strong and "out of the ordinary" opinions and ideas. It got some upvotes, but sadly no discussions at all. Highly relevant when discussing Argentina at the moment thoug…
I don't think it's that extreme of a perspective. I'm surprised that the perspective he's speaking against, which when implemented reliably causes citizen impoverishment and death should be spoken about more in those terms, I think.
Re: What is going on in Argentina?
#7“To give you have an idea, within the first 2 days in Argentina, I dealt with over five different rates. A restaurant actually offered me the proper blue rate (1100) to pay for the bill, whereas one cueva (informal exchange house) offered me 1050 and another 1070. The kiosk where I bought a SIM card from had it at 1060, and Uber, who did the currency conversion themselves rather than leaving it up to my credit card,…
I am told as of last year, if you pay for things with Visa or Mastercard credit, they give you the blue dollar rate as well.
Re: What is going on in Argentina?
#8They elected a freakin' maniac and they're gonna pay a heavy price for that.
In Brazil we have a saying "pior que tá não fica", which translates to something like "it cannot get worse than this". Belive me when I say this: it can (and probably will) get worse. It can (and probably will) get SO MUCH worse.
We tasted this poison with 4 years of Bolsonaro trying to get away from the establishment. What did we get in return? 700k brazilians died to COVID, we now have a huge anti-vax problem and after the piece of shit lost the election he attempted a COUP. Luckily he's going to jail on the next few months, but the damage is done.
Re: What is going on in Argentina?
#9So, a regular Tuesday in Argentina. You grow insensitized to it through the years. Last time I got surprised (and laughed hard at the evil genius) was when last administration kept the conversion rate artificially low, but created a tax for buying dollars for saving.
> Just please let’s do better lunches than milanesa con papas next time, deal?
Science hasn't made that breakthrough yet :)
Re: What is going on in Argentina?
#10I submitted a transcript from Javier Milei's address at the 54th annual meeting of the World Economic Forum, which I think explains a bit about what is happening, and what is about to happen, from the eyes of the newly elected president who has pretty strong and "out of the ordinary" opinions and ideas. It got some upvotes, but sadly no discussions at all. Highly relevant when discussing Argentina at the moment thoug…
Interestingly Cowen and Tabarrok follow this topic closely on Marginal Revolution. also some interesting insights in the comments section there, which is mostly economics-oriented.
https://marginalrevolution.com/?s=Argentina
(advise: skip all other random talk about AI, LLMs and ML stuff, you may easily get outraged)