Javier Milei Backtracks on $4.4B Memecoin After 'Insiders' Pocket $87M

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".

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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.

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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And every economist worth their salt tells you that the number is based on an outdated basket of goods that underweights what has increased in price the most: household services and health care.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.

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