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A comment on Argentine peso hits fresh lows despite U.S. support – and it could get worse. Parent comment

Re:Argentine peso hits fresh lows despite U.S. support – and... by JumpCrisscross on Wednesday October 22, 2025 @02:58PM (#45673594)
> 2 years into his presidency and Argentina is crashing and burning and the US taxpayers have to bail it out

Has there been study into whether this is Milei's policies' fault?

Argentina's default state is default. Milei inherited a mess. And of their top export categories--soybeans, oil and cars [1]--two are currently fucked. If another policy treatment would have resulted in similar outcomes due to these exogenous shocks and the starting conditions, it's unfair to damn Milei's ideology for what could be a failure to execute.

From what I've read, the currency pressure started "after a heavy defeat for President Javier Milei's party at the hands of the Peronist opposition in local elections" in Bueons Aires [2]. That loss, in turn, is blamed on "claims that" Milei's sister "and other close associates profited from a bribery scheme within the country’s disability agency" [3].

Put another way, the folks who support him are rallying behind corruption. That may be different from those who originally rallied behind his ideas.

[1] https://oec.world/en/profile/country/arg

[2] https://www.reuters.com/business/autos-transportation/argent...

[3] https://apnews.com/article/argentina-javier-milei-karina-mil...

[ Parent | on HN ]
Re:Argentine peso hits fresh lows despite U.S. support – and... by the_real_cher on Thursday October 23, 2025 @07:17AM (#45680556)
So the left is as fault when hes not in charge.

And the left is at fault when he is in charge.

At what point is he ever accountable for his actions?

He's been in power for years.

Also, the election of the other party only happened a few weeks ago...possibly in response to current government.

[ Parent | on HN ]
Re:Argentine peso hits fresh lows despite U.S. support – and... by brazukadev on Thursday October 23, 2025 @07:49AM (#45680767)
> Has there been study into whether this is Milei's policies' fault?

So now we need a study to prove the current president is responsible for the current predicament that he said he was a specialist in fixing it?

[ Parent | on HN ]
Re:Argentine peso hits fresh lows despite U.S. support – and... by JumpCrisscross on Thursday October 23, 2025 @01:54PM (#45684762)
> now we need a study to prove the current president is responsible for the current predicament that he said he was a specialist in fixing it?

…yes. That’s how we figure out what’s actually going on.

[ Parent | on HN ]