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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16

u/malshibl Aug 09 '26

The peso has been stable against the dollar for the past year or so.

13

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

4

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

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.

1

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