Comments by "Tiago D\x27Agostini" (@tiagodagostini) on "'There is no money': Javier Milei delivers Argentines painful truth in maiden speech" video.

@bobm9509 Lol nothign is more swamp than the vice preseident the previous president had. Just being away from her makes him 1000% cleaner than previous.
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@bobm9509 It seesm you do not understand economics. Increasing the interest rate slower the currency devaluation. The peso devaluated EVEN with the increase in itnerest rate, but withotu it it would have devaluated even more. That is BASIC economics. You increase the interest rate you make that currency more attractive for foreign investors and they need to buy the currency to take advantage of that interest rate adn that increase the value of the currency.
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@bobm9509 No I did not said that. I urge you to re read what I wrote, because the message it is very clear and if you cannot understand a simple statement (That has absolutely NOTHING of what you imply it has) then you do have a serious limitation.
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@bobm9509 I explained above. You are the one that did not care to understand. The interest rate was increased to avoid even larger devaluation. What devaluate the currency is always a government expending more than it can(or productivity dropping very fast) . Increasing interest rate is a way to slow down such devaluation. If Argentinian interest rate had not been increased the devaluation would have been way worse. This is basic macroeconomics.
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@bobm9509 Increasing interest rate has 2 purposes, hold off inflation and hold off currency devaluation. No other purpose or advantage in increasing interest rate. Several countries with high interest rate has such problems because interest rate alone cannot compensate a government over expending. A country without need to hold out inflation/ money devaluation (mostly the same thing in the long run) will put its interest rate near zero.
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