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Re:Javier Milei Backtracks on $4.4B Memecoin After 'Insiders... by otherme123 on Monday February 17, 2025 @01:46AM (#43075953)
> he's helping Argentina's economy, and that cannot be further from the truth sadly. If he made such a blunder in finance which supposedly is one of his specialties just imagine how incompetent he and most of the government right now is on other matters.

Oh, could he be a lot further from the truth! He could have done at least a couple of orders of magnitude worst with inflation (it was 300% and rising in its peak last year, expected to be 25% this year: https://www.reuters.com/world/americas/argentina-economy-see...). In the same link, economy is growing/expected at 4.5% this year. The government is at a surplus. The interest rate the state pays on its debt is 29% which looks incredibly high until you see this data: https://tradingeconomics.com/argentina/interest-rate . Yes, that was a 126% interest when Milei got there. In fact, it is a miracle that Argentina didn't default this year, as they had to do the biggest repay in three years (https://buenosairesherald.com/economics/argentina-pays-us4-3...).

> If he made such a blunder in finance which supposedly is one of his specialties just imagine how incompetent he and most of the government right now is on other matters.

This is the fallacy of composition: "is he was wrong about this then it is wrong about absolutely everything he does", which can't be further from the truth, and is behind some people falling in traps like the sunk cost fallacy ("I can't be wrong about this and cut loses, or people will think I'm wrong about everything"), or insufferable people that double down on their mistakes or enter a train of lies, and would do almost anything except accept they were wrong.

Re:Javier Milei Backtracks on $4.4B Memecoin After 'Insiders... by Daishiman on Monday February 17, 2025 @03:11AM (#43076460)
> In the same link, economy is growing/expected at 4.5% this year.

We have had these projections for every government since 2001 that have been sheer conjecture just like in 2017. This means nothing.

> This is the fallacy of composition: "is he was wrong about this then it is wrong about absolutely everything he does"

Is is obvious that you have never seen the man tweet or be interviewed about anything of substance. He is a sheer, utter moron, who holds a fake doctorate from a degree mill and master's from a third-rate university that is notorious for being singled-out in hiring applications that explicitly exclude its graduates for how bad it is.

I have seen said applications when looking at job boards in the early aughts.

Re:Javier Milei Backtracks on $4.4B Memecoin After 'Insiders... by argentinian on Monday February 17, 2025 @05:44AM (#43077428)
Can you share some link proving that Universidad de Belgrano is a third rate university? I believe it has a good reputation in the country
Re:Javier Milei Backtracks on $4.4B Memecoin After 'Insiders... by Daishiman on Monday February 17, 2025 @12:30PM (#43081333)
We don’t really look at publishing metrics here to define what makes a good university; that is mostly determined here by the difficulty and completeness of the programs.

The University of Buenos Aires and a few other national public universities are considered by all to be the most prestigious, along with the private universities of Instituto Di Tella and the ITBA. Lesser national universities rank second along with specific degrees from some private unis. Then you have several tiers of private universities.

The UB looks good externally because it’s the school for rich kids who don’t have the chops for public uni, as such it invests its money in nice facilities and exchange programs, while its research shines by its absence and it’s really not harder than high school even for STEM degrees, due to its ridiculously low bar.

Re:Javier Milei Backtracks on $4.4B Memecoin After 'Insiders... by dysoco on Monday February 17, 2025 @01:58PM (#43082141)
This is highly opinionated obviously because there are no hard metrics but I can more or less confirm this, the University of Belgrano is generally seen as fairly mediocre, even for private university standards.
Re:Javier Milei Backtracks on $4.4B Memecoin After 'Insiders... by otherme123 on Tuesday February 18, 2025 @02:30AM (#43086954)
The University of Buenos Aires is excellent. Is ranked, by the same rank you dismissed in another message, as the 71th place, the number 1 in whole Latin America. You cannot dismiss every University below 71th place as "ridiculously low bar". This is like saying "UBA is shit, because MIT is better".

I know your type: you throw bold assertions left and right, without a single source to back up. When somebody ask for sources you reply "trust me bro". You back up your assertions with "I never met anyone from Belgrano" (I never met anyone from MIT or Harvard, yet I thing they are good Universities) or "there are no famous people from Belgrano"... well, turns out that Milei is very famous and from Belgrano, so your argument falls apart.

But the whole point (Miley is bad because his University is bad) is invalid. You can study at MIT and be mediocre. You can study at a mediocre University and be top notch. Heck, you can even almost fail at high school and be excellent at your work. Dan Luu, University of Wisconsin after nearly failing high school come to mind, or John Carmack (two semesters at University of Misouri before dropping out, after a sentence of one year in a juvenil home). Guess they are bad at their job, according to your standards. Talk about elitism...

You ask from us a full "believe me because I say so, ignore whatever data you might find that contradicts me, I won't explain why nor point you to alternative sources. Just everything that doesn't agree with me is tainted, manipulated, or wrong. And if you don't have a degree in one of the best 100th Universities in the world and I can't find your research, you are unworthy". Nah, I'm not debating in those terms.

PS. Just noticed this:

> [...]considered by all to be the most prestigious, along with the private universities of Instituto Di Tella and the ITBA[...]

Did you know that Milei got his second Master at Instituto Di Tella? Guess he is elite now, by your own standards!

Re:Javier Milei Backtracks on $4.4B Memecoin After 'Insiders... by Daishiman on Tuesday February 18, 2025 @05:32PM (#43095967)
We don't care about in Latin America about first-world instutional ranking metrics that play by the game of publish-or-perish and I don't care about convincing anyone; just ask around in Argentina or ask any academic researcher from the country what the most prestigious institutions are and you'll get a unanimous opinion.

> Did you know that Milei got his second Master at Instituto Di Tella? Guess he is elite now, by your own standards!

He did not _finish_ the master at all. https://www.lanacion.com.ar/cultura/otro-dato-academico-impr...

He is a fraud. His thesis is plagiarized wholesale. He is an absolute moron addled on mood stabilizers as has been said by everyone who knows him.

Just look at him in one of the _very few unscripted interviews he's had_ . https://www.youtube.com/watch?v=zcpAtBNzQEQ

Re:Javier Milei Backtracks on $4.4B Memecoin After 'Insiders... by argentinian on Tuesday February 18, 2025 @07:53PM (#43097196)
There's a reddit user with your same nick, and 80% of his posts are about criticizing Milei. The passion with which you do that is remarkable.
Re:Javier Milei Backtracks on $4.4B Memecoin After 'Insiders... by Daishiman on Tuesday February 18, 2025 @08:47PM (#43097593)
The day you realize that defunding critical public institutions sets backs countries by decades maybe you’ll get pissed off too.
Re:Javier Milei Backtracks on $4.4B Memecoin After 'Insiders... by argentinian on Wednesday February 19, 2025 @09:08AM (#43102312)
I'll see the effects in poverty and employment statistics. Then I may understand your perspective.

I consider now that the country was already being set back for decades.

I like seeing statistics, not arguing emotionally.

Re:Javier Milei Backtracks on $4.4B Memecoin After 'Insiders... by otherme123 on Monday February 17, 2025 @07:08AM (#43078055)
And yet, he just did the most impressive turn on a economy on the run towards a hyperinflation ever seen.

There are a lot of things I don't like about Milei: this memecoin event is bad, but so is his political friendship with open self declared fascists, him being a libertarian. He is a populist. But about macroeconomics he is doing, at least, good. Anyone who refuses to acknowledge that minimum is simply a hater that doesn't want an honest debate. You can even argue that he did good at macro but bad at micro, and there is a debate. But to call the man "sheer utter moron" in macroeconomics is just wrong.

You are just argueing with the fallacy ad personam: instead of explaining us what policies were moronic, you say "the guy is a moron" and pretend that is enough to have a debate? And then you resort to the fallacy of association: Milei went to this University. I say this University is bad. Then Milei is also bad. Even 20 years after leaving the University and working in innumerable places (among them senior economist at HSBC), or authoring many academic papers. Turns out that https://www.topuniversities.com places the University of Belgrano at 465 best in the world: not impressive, but still of the 132 listed Universities of Latin America Belgrano is ranked the 18th.

If it is third rate and blacklisted, what about the next 114 Universities in the rank?

Re:Javier Milei Backtracks on $4.4B Memecoin After 'Insiders... by xinayder on Monday February 17, 2025 @08:05AM (#43078560)
I don't see his feats as impressive when he was responsible for putting more than half of the population in poverty when he started.

You can look at these numbers and say it's an improvement, but half of the population is still considered poor and the rate at which it's decreasing is not fast enough to consider Milei as a "genius".

Re:Javier Milei Backtracks on $4.4B Memecoin After 'Insiders... by otherme123 on Monday February 17, 2025 @09:34AM (#43079392)
That's not true! The poverty rate went from something like 40% to 55%. Now it's back again to 40%. Not good, but not horrific either.
Re:Javier Milei Backtracks on $4.4B Memecoin After 'Insiders... by Daishiman on Monday February 17, 2025 @12:24PM (#43081253)
And every economist worth their salt tells you that the number is based on an outdated basket of goods that underweights what has increased in price the most: household services and health care.

Health insurance prices have tripled and household services more than doubled. Basic foodstuffs are now more expensive than they are in developed countries; a pack of pasta is cheaper Costco than a local supermarket.

Re:Javier Milei Backtracks on $4.4B Memecoin After 'Insiders... by Daishiman on Monday February 17, 2025 @12:36PM (#43081390)
> And yet, he just did the most impressive turn on a economy on the run towards a hyperinflation ever seen.

This is said by no one except Milei. No serious economist has claimed that we were going towards a hyperinflation. I have lived through hyperinflationary periods and that was not it.

It is _trivial_ to disable inflation if you’re willing to wreck an economy.

I’m sorry I have no intention to reply to this because you’re just making stuff up. Milei has not published a single academic paper and has been credibly accused by many of plagiarism. His h-index is 0. His doctorate is from a degree mill. University metrics are easy to game and about as useful as the Top 50 restaurants in the world. While you’re at it tell me where all those famous academics in UB are, because in years of perusing computer science academia in Argentina I literally never ran into one.

Re:Javier Milei Backtracks on $4.4B Memecoin After 'Insiders... by brigandish on Monday February 17, 2025 @06:57PM (#43084430)
Research Gate lists several publications and two citations:

https://www.researchgate.net/scientific-contributions/Javier...

Re:Javier Milei Backtracks on $4.4B Memecoin After 'Insiders... by otherme123 on Tuesday February 18, 2025 @02:40AM (#43087021)
And https://dialnet.unirioja.es/servlet/autor?codigo=3854649 , where H=1 (not 0 like your parent says)

He's not a great researcher, because he was not a researcher! He was more of a consultant, and published from time to time until around 2016, when he switched to another type of job.