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The hard task of exiting the populist trapwww.ft.com/content/212907cf-0ab6-492f-8bad-db05dd91af31
496 sats \ 5 comments \ @Coinsreporter 5h econ
Argentina's relative prosperity has declined a long way since 1900
GDP per head at purchasing power parity, relative to the US (% of US level)
All in all populism is not the real cause of the decline. Rather a shift in entire monetary system was behold when Milei was campaigning but he failed. The chants of a Bitcoin president died once he won. I would like to compare him with Bukele who adopted Bitcoin and El Salvador is much better within almost the same time frame. Anyways, not only Argentina but the whole world is rugged because of Fiat's debasement, it would be better for the countries whose currency has (almost) died should adopt Bitcoin asap.

Then I also think why we need a political acknowledgement to use Bitcoin, people should start using Bitcoin on their own.

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30 sats \ 4 replies \ @Undisciplined 4h
So, this result wouldn't necessarily surprise me, but I do wonder how they identify a "populist" leader.
In any representative style government, politicians tend to campaign on what they perceive to be popular issues. In particular, they always seem focused on how they're for "the little guy".
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42 sats \ 3 replies \ @SimpleStacker 4h
That was my first thought too. How do you define a "populist" leader?
Direction of causality is also unclear. When institutions become sclerotic and unresponsive to peoples' needs, populism is likely to arise even as the economy becomes sluggish.
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30 sats \ 2 replies \ @Undisciplined 4h
But, if that's what were happening, there should be a noticeable effect before the leader comes in.
This result, if I understand what they're doing correctly, implies that things are going about as well as anywhere else until the populist comes into power.
Considering that protectionism and soaking the rich are mainstays of populism, that's roughly what I'd expect to see in an experimental setting, but it would be weird if there were no economic trends preceding populist movements.
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42 sats \ 1 reply \ @SimpleStacker 4h
Well, you know what I think about GDP as a measure...
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30 sats \ 0 replies \ @Undisciplined 3h
Sure. One of the possibilities that occurred to me is the change may be confined to aspects of GDP that have little to do with standards of living.
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