Re:Javier Milei Backtracks on $4.4B Memecoin After 'Insiders...
by pjc50 on Monday February 17, 2025 @06:47AM
(#43077877)
> itβs hard to see how the Austrian school of economics can continue
It doesn't have to be based in reality. They can just roll out the same argument as "true communism has never been tried", but from the right.
Ultimately Argentina never recovered from the collapse in value of being a food exporter. They're never going to recover until they can sort out the good old balance of payments problem. Doing so is going to be unavoidably uncomfortable as imports get relatively really expensive.
It doesn't have to be based in reality. They can just roll out the same argument as "true communism has never been tried", but from the right.
Ultimately Argentina never recovered from the collapse in value of being a food exporter. They're never going to recover until they can sort out the good old balance of payments problem. Doing so is going to be unavoidably uncomfortable as imports get relatively really expensive.