Oddbean new post about | logout
 Seems Milei is removing the “official rate” of the peso and acknowledging the real exchange rate for the peso. When I went to Argentina the street rate was over 2x the “official rate”. The country needs dollars bad and now finally going to pay the market rate for it. Fascinating. https://image.nostr.build/85aac65da9391e9dad79f1813aed99508e691f411cdbbaa32d1355970084d332.jpg  
 is this good or bad? i’m dumb so i don’t quite understand 
 I think it’s good. But what the fuck do I know. People who take advantage of the fake gov rate are the only losers. 

The fuel subsidy change will prolly affect everyone. 
 Argentina is buying bitcoin and the price is moving down. 
 Fair start