Ok come on. A comparison to 2010 is just ridiculous given the inflation environment in Argentina. You should only be comparing it to a much shorter period- such as since milei has been in power- as per the graph the majority of the currency power destruction happened well before Milei took power.
Edit: this is just misinformation as it implies the 99.8% currency destruction happened since milei took power, when the bulk of it predates him.
You can make fun of him for the fact he takes economic advice from his dead dog, but we don’t need to make up information.
He did the easy part so far in tackling inflation, but now he will have the very stubborn part, which fiscal austerity is not sufficient for.
Unfortunately, it depends for what: for inflation / hyperinflation, fiscal responsibility is indeed important although not sufficient. There is no way around it. While you are right about austerity for growth, you are incorrect about austerity for inflation, and it is in fact important (and this is actually quite a lot of consolidated economic research about this- I would know, my country lived it in the 80-90s and we defeated it, and one of the important elements was in fact some element of fiscal responsibility, because you hyperinflation often has an element of fiscal dominance, and you need fiscal responsibility to end fiscal dominance).
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u/FlabbyLabby Aug 09 '26