“If man chooses oblivion, he can go right on leaving his fate to his political leaders. If he chooses Utopia, he must initiate an enormous education program - immediately, if not sooner.”
-R B Fuiler

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Joined 2 months ago
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Cake day: August 25th, 2025

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  • 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.















  • Conservatives don’t care about small government.

    I see this often from (presumably) liberals.

    I came from a conservative family and held conservative / libertarian beliefs most of my life. These people really, really do want small government. Saying that they don’t makes it impossible to understand their motives – and we really do have to understand where people are coming from.

    To complain that their political leaders sell out those ideals for the sake of buying votes is fair, but only if you admit that same set of perverse incentives is not unique to any party.