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Javier Milei’s first year: $3 billion surplus and tenfold lower inflation in 2024
(www.financial-world.org)
this post was submitted on 18 Dec 2024
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Why is low inflation but high poverty a good thing?
It's not a good thing. No one here is arguing that poverty is good. It's that their current choice is 'still pretty high inflation w/ high poverty' is preferable to 'holy shit that's their monthly inflation w/ high poverty'.
Low poverty is no longer in Argentina's deck for the foreseeable near future. Inflation will rob the working class people of any thing they are given or earn.
The poverty was far lower before Milei started implementing austerity measures, so yes, by saying his measures are a good thing, you are saying high poverty is a good thing.
Only if you believe there is no direct connection between the devaluation of people's savings paired with increased costs of goods and poverty.
Hyper inflation in itself leads to poverty.
Then why is poverty so much higher now than it was before Milei started implementing his libertarian ideas?