Message from @Pino Sinatra
Discord ID: 489222888700772382
I insist founding the central bank was the worst thing to do
It did seem likely, though, this was in the cold war
Videla tried the same thing as Pinochet, and nobody argues against the statement "Videla was shit"
maybe because Argentina has never got back from that poor situation afterwards
I mean...
It's average income is about the same as Chile's, though 2,000 dollars might be worth more in Latin America
Argentina had to go through 2 military juntas
I don't know anything about the first one other than they were unpopular because they tried to erase Peron from the picture
The second one, led by Videla, was fucking terrible
You mean Alberto Teissaire?
He was the vice president, right?
No
yes,he was
I meant the one by Videla
no no
the first coup
Pretty sure that guy was Peron's vice president if I recall
googling his name returns that
so I think he was
Ooh yeah mb
1% deflation lul
And I'm sorry I use inflation rates a lot,but the way I see it is that it doesn't matter how much you raise wages,give subsidizes,welfare and all that stuff
If your savings are going to be to half as valuable as they are today you're fucked
ask Zimbabwe or Venezuela
That's why wages should be measured against the US dollar
or to another stable currency
Incomes can raise in "real terms" even if currency is inflated, though it usually doesn't happen
Vietnam has intentionally inflated the value of the currency to the point that it is one of the least valuable forms of money in the world
as part of their new economic model
Of course
They are third world (at least the rural parts are, some of the cities aren't as bad, at least when comparing them to other third world countries)
So they try to ensure employment is cheap for business owners
or something like that
"developing countries"
Yeah, that's how American Walmarts can still be around.
Their exports are really cheap
You all need to watch more Ben Shapiro
Raise your IQ a few points
Ben Shapiro DESROYS the economy with FACTS and LOGIC
India superpower by 2020