Prices soar in Argentina after Milei’s currency devaluation (english.elpais.com)

submitted 11 months ago by alyaza@beehaw.org to c/news@beehaw.org

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[-] tormeh@discuss.tchncs.de 3 points 11 months ago

Having the currency be free-floating is the best policy. The transition might be a bit too rapid, though

[-] NoneOfUrBusiness@kbin.social 1 points 11 months ago

Yeah. That's the challenge in situations like these: How do you get to a free-floating currency without the people starving to death.

[-] tormeh@discuss.tchncs.de 1 points 11 months ago

Well, could always spend some of the money wasted on exchange rate manipulation on food subsidies instead. But I think just making the transition more gradual would be my bet

this post was submitted on 16 Dec 2023

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