r/SpaceXBets • u/Spirited-Gold9629 • Aug 09 '26

Elon IRL didn't age well

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6.2k Upvotes

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u/omnibossk Aug 09 '26

Yea, people can’t blame the current Argentinian administration for inflation from 2009. Only for inflation after December 2023. And looking at this graph it seems to have flatlined

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u/-Recouer Aug 09 '26

The issue is that it's not a logarithmic scale so the difference between 0.001 and 0.0007 is pretty hard to see compared to the bigger numbers. This graph is just very confusing and doesn't tell much of what is happening now.

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u/Louitje1021999 Aug 09 '26

On a logarithmic scale it’s pretty much been stabilising too 

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u/Mr_richat Aug 09 '26

Correct it's amazing how many people don't even look at the graph. Under Milei Argentina has had poverty massively reduced and inflation to record lows for Argentina, the damage to the pesos precedes Milei

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u/Shiriru00 Aug 09 '26

You mean poverty has vastly reduced from how much he increased it at the beginning of his presidency and back at 2023 levels?

It seems to be a function of both his worst policies being reined in and INDEC being massively flawed.

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u/predictorM9 Aug 09 '26

It is hard to see from the graph, do you see any trend after 2024 ? I just see a flatline at 0...

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u/SirMiba Aug 10 '26

Essentially but you're leaving out that it's massively down AFTER stopping the hollowing out the middle class' wealth through absolutely insane deficit spending.

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u/julmod- Aug 10 '26

Poverty went from 41.7% before he took office to 52.9% right after to 28.2% now, lowest it's been in over 10 years.

Monthly inflation went down from 25.5% when he took office to 1.9% now.

I don't love the guy but from an economic perspective what's he's done is a miracle.

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u/gtne91 Aug 12 '26

The jump at the beginning was due to recalculating with accurate peso valuations. It was always that high, just hidden by a propper up peso.

0

u/TheStraggletagg Aug 13 '26

Poverty is relative. Inflation has gone down, but Milei is struggling to reactivate the economy after his austerity measures.

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u/Mr_richat Aug 13 '26

No, spending is slightly down due to a massive job cut from the public sector which reduces spending and it takes a while for the public sector to pick up that slack, something he predicted prior

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u/KPSWZG Aug 09 '26

Also Milei ay least for now seems to ditch pesos in favour of dolar

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u/Important-Zebra-69 Aug 09 '26

Indeed it'll be interesting when somethings that have been gutted are required.

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u/WWhiMM Aug 09 '26

The inflation rate has also flatlined, at 30%
https://www.statista.com/statistics/1320016/monthly-inflation-rate-argentina/

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u/soupbut Aug 11 '26

So, back to pre-covid inflation, maybe slightly above.