waxwing's avatar
waxwing 3 months ago
I think that's just false. Any evidence? Milei put the government in surplus - something basically unique, certainly amongst Western governments. He also specifically said he would stop financing the treasury with money issuance. Apparently the IMF reported the same thing this year. While at the same the economy grew at more than 6%, and the poverty rate was actually reduced, not increased.

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waxwing's avatar
waxwing 3 months ago
Well, the article itself says immediately after quoting a 165% increase in M0, that "the BCRA no longer finances the Treasury by printing new pesos since 2023". So what is the cause of that increase? It wasn't clear to me that the article had an answer? It starts, form that point, to talk about credit in general. I suspect the right answer is rather complex.