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Comment by otherme123 | Hacker News Reader

As I said, that's to blame on the high inflation, not on trying to fix it.

Traditionally hyperinflations also cause poverty. Take for example Venezuela or Zimbabwe, two of the worse cases in the last couple of decades. It's not like they ride the hyperinflation with a happy smile and business thriving.

Argentina was drunk, and Milei decided to stop drinking. Hangover will have to come anyways, and everybody knows it. You cannot blame the headache on stopping drinking, and the solution is keep drinking for a while. That's not how hyperinflation works, we have had plenty of cases. It's exponentially worse.

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I would even agree with you if he followed the same liberal ideology he preached in his campaign.

Alleviating taxes and shrinking the state would have been wonderful to our suffering private sector.

Sadly, he didn't. He stopped sending money to the welfare part of the state, but he didn't lower any taxes yet, and it's asphyxiating the economy.

The liberal politics is to have enough taxes to cover the expenses. If you have deficit, you either raise taxes or lower expenses (Milei option, it seems).

It doesn't boil down to "lower taxes whatever it takes" if you then have massive deficits. That's a wrong policy usually taken by Republicans in the US.

You must understand, any argument you make will be viewed through an emotional lens, Milei is very pro-Israel (strike #1), anti-big government (strike #2) and has been vilified in American media as “Trump For Argentina”(strike #3). All discussion here and really anywhere online will be viewed through orange tinted glasses, it doesn’t matter how many logical arguments you make, he’s evil bec they’ve been told he’s evil. There is nothing intelligent or rational you can say that overcomes that programming. It’s almost not worth engaging because you’ll go in circles and those who disagree with you won’t ever make any actual logical arguments, it will always be appeals to emotion.

I'm sure he'll be successful on lowering inflation for a while. I just think his way of stopping it is short-term and it won't be enough to pave the way for a prosperous Argentinean economy.

To me, the private sector, the health of long running companies (and of course human lives) is a more logical argument than any loose analogy about being drunk or going on a diet that depict nothing on the actual real-life impact of any economic policy.

I didn't even mention good or evil. I mentioned that messing with your domestic industry almost never fares well for your country.

And, about Trump. They both have in common that they have special persionalities and both spend a lot of time on Twitter. But that's it. Regarding economic policies, Trump is a proteccionist and Milei is an anarchocapitalist.

There's nothing magical behind "long running companies". I can name a few that are trash, and they only keep going because they have politicians in their pocket. If a company depends on the government creating hyperinflation or subsidizing it for its survival, that's not a good sign.

In other words, if you are too big to fail, you are too big to exist.

I'll always bet on the self reliance of a people not coddled and extorted.

Exactly

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