I don’t know jack about economics or finance. But perplexity is pretty good about sticking to academic research when instructed to. Answers condensed for brevity; I also bolded the final conclusion.
me: is the united states is presently supporting the Argentine currency?
Yes, the United States is currently supporting the Argentine currency (the peso) through various measures […]
me: give historical examples where similar currency supports have achieved their objective
Mexican Peso Crisis (The “Tequila Crisis”) in 1994-1995 […] Asian Financial Crisis (South Korea) in 1997-1998
Key Takeaway success was largely due to:
Massive Scale: The bailouts were large enough to overwhelm speculative attacks and restore market confidence.
Strict Conditions/Reforms: The funding was tied to the recipient country agreeing to and implementing serious, politically difficult, and far-reaching structural and fiscal reforms that addressed the root causes of the crisis.
me: is the current $20 billion US bailout for Argentina sufficient in scale?
The current consensus among many analysts is that the $20 billion U.S. financial support package (primarily a currency swap line and potential bond purchases) is a strong political signal and a crucial temporary lifeline, but is unlikely to be sufficient on its own to resolve Argentina’s deep-seated structural and currency crisis in the long term.
Okay, now ask “why should I pay for a bailout for Argentina while my government is shut down during failed (so far) attempts to cut healthcare?”
Maybe also “why can’t a spending bill just be passed through budget reconciliation which only requires a simple majority instead of 60 votes in the Senate?”
Or maybe “why is speaker Mike Johnson refusing to swear in the elected rep from Arizona? Why isn’t the House in session?”
I don’t know jack about economics or finance. But perplexity is pretty good about sticking to academic research when instructed to. Answers condensed for brevity; I also bolded the final conclusion.
me: is the united states is presently supporting the Argentine currency?
me: give historical examples where similar currency supports have achieved their objective
me: is the current $20 billion US bailout for Argentina sufficient in scale?
Okay, now ask “why should I pay for a bailout for Argentina while my government is shut down during failed (so far) attempts to cut healthcare?”
Maybe also “why can’t a spending bill just be passed through budget reconciliation which only requires a simple majority instead of 60 votes in the Senate?”
Or maybe “why is speaker Mike Johnson refusing to swear in the elected rep from Arizona? Why isn’t the House in session?”