Hold on, I think you misread that

I misread that as raising inflation, not lowering it

Sometimes inflation is intentionally raised to increase employment

You should aim to keep the value of your currency respectable, but it shouldn't be your only concern, which was the mistake Pinochet made, a mistake that left millions of people poor

45% of the country

lol

He was a terrible leader

Peron made some mistakes, but overall, he did way more good than bad

Yes, the economy entered a period of instability, but he took actions to correct those mistakes and they worked

One of his biggest mistakes is that he was an isolationist, believing a third world war was on the horizon

At the time it made sense

Looking back now, it was kind of stupid

(Peron)

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

I was looking up the one who came after Peron in the first coup,that's Leonardi

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