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Interesting. There is a lot of subtext here that I totally missed, not being from Argentina myself.
Am I right to say that your main area of disagreement with the article is that you think keeping the peso strong is not as risky as the article suggests and is actually an important policy for bringing down inflation?
All missed points are critical (so critical the situation is and hence the merit of the nuclear bomb deactivated by Milei's team), so my main area of disagreement is the entire area.
Talking specifically about the strengthening of the peso, it's not only not risky at all, but it's vital for the economic recovery and long-term growth. It's not even new, for having a strong currency has been historically a key element of economic recovery, such as in the case of the german miracle, and the japanese miracle. The fact this kind of media so blatantly manipulates such very well established and very well documented historical and current facts is orwellian.
how can a strong currency be bad for a country that is trying to recover from years of hyper inflation?
The media doesn't understand inflation
If the peso was weak, they would criticize Milei for a weak currency
The media doesn't understand inflation
They don't need to, they say what they are paid to say
If the peso was weak, they would criticize Milei for a weak currency
Exactly right, this is the modus operandi
Inflation or hyper inflation means the currency is devalued or worthless
I don't see any downside for Argentina with a stronger peso
Based on our previous conversations, I had the impression that they were getting lots of stuff wrong. That's why I also stopped reading it in detail and just mentioned the one thing that was nagging at me the most.
You do a good to yourself. For the record, I did devote a time before to read this articles while being conscious on their intentions, but I did so to actually put myself to test by being confronted and challenged in my knowledge and understanding. Once it became predictable I stopped.
But, be wary: none if this is made because they "get it wrong". It's a deliberate propaganda strategy. The nobility will lose its privileges if people starts seeing Milei's measures with good eyes. Traditional media is nothing but an unofficial state department.
I agree completely. There are two things going on and they have to be treated differently, even though they'll look similar:
- Good faith normies will get the story wrong, because of their cognitive biases and inaccurate worldview. They can be responded to with corrections of the record.
- Bad faith normies will get the story wrong, because they already knew their conclusions before they started looking into the facts. They have to be ignored.
100%
I didn't even try because I could feel from the distance what I was going to face. It was far more productive to address the comments on this post directly.
At you request, I took a look. Exactly what I expected.
This is not even a third of the article and I still have to stop at literally every word. I'm tired already, but if I continue this comment will be too long. I think I have made my point. So, once again, for the 100th time, please, stop wasting your time with leftist propaganda.