conanbatt

Argentina is way more socialist as measured in a controlled economy than europeans - some taxes are higher than 80% of net income and often exceeding gross income as well.

It is also way more capitalist than the US by having a large part of the population paying less than 5% income taxes.

The country is hard enough to explain without the constraints of a browser textbox.

There is more nuance to some of these steps but roughly right.

It's very important to understand that this is a very important weakness of the monetary system in every country, and only countries with little political power are forced to austerity by larger powers (Greece, Argentina and the IMF, etc). Argentina is just a chronic abuser of foreign debt and money printing.

You have an infinite amount of restrictions around how much, when and what you need to do to get them. Basically rationing.

This is a common argentinian conception, and it is a big misconception. Gov corruption is a lot worse in the united states. It's just that corruption is not a 1-1 correlation with the success of an economy.

Argentina has a poor economy because it is a half-capitalist half-socialist country.

Simply bad monetary policy. Argentina has a long history of resorting to money printing for its budget deficit and every generation thinks they will get away with it.

Huh, it is 60% in 5 weeks :D

The benefit of being a nurse is that it is a monopoly, and the hospital is also a monopoly, and neither the hospital nor the nurse pay the cost of that mishandling, but you the taxpayer do.

Treasuries are one of the most liquid assets in the world. The question is if they could crash in value while simultaneously maintaining the dollar value, that could break a peg.

> buy a leveraged asset that's likely to increase in price and reduce the overhead you pay on your largest expense

Oh boi. When you buy this you are giving all this benefit to the seller that takes these into account. You are not making a profit off of it unless the value increases more than the market expectation for it.

So its a leveraged bet that it will be better than expected by the market, and if it goes the other way you are toast.

I made an account 5 months ago and i could not make margin work on IRB and customer was unressponsive. Acated into RH and got it instantly.

Brokers are as behind compared to robinhood as car manufacturers are with RH.

Its just not a great business.

RH is 80% down from IPO Price one year ago.

Anyway it had way too many people and itwas grossly inefficient. It should probably cut staff 50% or more imo.

If the diagnosis is that a lot of people are buying something at exorbitant prices, shouldn't the prescription be to build more of them to sell?

Would you ban the construction of a home unless the builder lives in the home? Why not? And why wouldnt that apply to the first person that buys the home from the builder that doesn't build in it? And the second person in that chain?

Not really true, it is actually a constant lesson that you need to fire more because the bias is always to do nothing.

Actually if you live in the bay area, you live in an oligarchy. A great part of the renters in the area cannot vote and thus are not represented in this matter.

If foreigners could vote in San Francisco, the majority of which are renters, it would overwhelmingly crush this position.

> rther and further out of reach of people who are looking for a primary home.

This happens to all assets all the time. When it rains, umbrellas go up in price. Companies competing with this and failing is only a transfer of wealth between VC's and homeowners. You don't need to ascribe a moral sentiment to that transfer, its just what it is.

If the prices then bust afterward, then homeowners that sold won, the ones that stayed didnt take advantage of the opportunity, and home buyers lost at the high and will win at the bottom. Like in any other price fluctuation!

What you have now was passed by Gov.

A 1.6 trillion handouts for colleges. It seems its not enough to have licensing, favored immigration laws, continual public subsidies: need to also throw piles of cash at them.

It's almost as if HN was made by and for one of the small corners of the US.

I think its not about danger, but about the general libertarian-ness of developers as a whole, specially the internet.

Some countries have tried to put degree requirements for software engineers, but developers are not union-friendly or certification-advocating.

Ofc its more efficient, but its not censorship resistant..

This axiomatic approach about the law has a clever solution: just make it legal for cars to disobey stop signs and then problem solved.

And if the traffic law gets you killed, what then?

The IMF has imposed policy plans through their leverage on countries knowingly the policy would have adverse effects in their economies and population. This was admitted by Christine Largarde and denounced by Varoufakis in the Greece Debt crisis.

In Argentina, the IMF gave a pro-US government unfettered amounts of money to spend politically the face of elections, but with a debt maturity so short (4 years) and an unfeasible economic plan that the country was into default again 2 years later, and is still trying to renegotiate the balance of that debt.

The IMF existence is pure moral hazard, and even though Argentina would suffer greatly from default its IMF debt, part of me wants them to suffer the consequences of bad lending as well, for the which they never paid a price for politically or institutionally.

Venezuela also has currency controls, but Argentina is still different, because we have had more monetary systems and we also have a non-repressed black market economy+currency economy.

The Argentine peso is at 220~. Without snark, I think talking about argentinian peso is reserved only for argentinians. It is just impossible for non-argentinians to understand a multi-currency multi-denomination monetary economy.

If the only thing that makes BTC "break" USD is that users want it to succeed more than USD users want USD to succeed, it is a wonderful story of adoption!

To attract clients.

Your choices are constricted by quality and quantity. Thats why there's private health services in most countries with free public health services

I go to a different doctor. You can also use Yelp!