What Is Inflation?

[perry]

Professional investors dislike losing money (and uncertainity) even more than socialism and Macri has shown many smaller businesses how to lose money.

If you are a socialist or communist economy like China on the other hand then you can attract foreign investment and businesses en masse by posting the most spectacular growth rates of the last 40 years and using your massive trade surpluses to buy most of American bond debt. Capitalism can live with almost anyone as long as they post profits. If Christina helps business they would dance her tune but both she and Macri have the elephant of massive and almost unmanageable IMF loan debt to handle over the next decade. My reiterated view is that they would have to purse broadly similar policies because the room for manoeuvre is so restricted as the experience of Greece has shown.

Being of greek background I can say that the financial situation in greece for the common man has been devastating with wages and pensions slashed and essential services being amongst the dearest of Europe . This has had a profound effect on the greek people and their culture as most people see little hope in their future and for this reason the greek birth rate is the lowest in Europe .
10 years have passed in Greece and still the recession carries on even though there are some sectors of the economy have picked up of late ie real estate ( due to very favourable investment visa regulations ) .

Within just a few generations there will be very few greek speaking people left in the world due to massive inmigration to Greece ( as a stepping zone to the richer eu countries ) changing its racial makeup and a dwindling greek population with one of the lowest birthrates in the world . The greek diaspora does its best to retain its rich culture but for how much longer before this is diluted completely .

Greece should have left the Euro many years ago and retained its own currency and cultural norms . Countries like Poland and Hungary are much more socially cohesive and in the case of Poland with a better economy overall ,

 

[thetrainislate]

Being of greek background I can say that the financial situation in greece for the common man has been devastating with wages and pensions slashed and essential services being amongst the dearest of Europe . This has had a profound effect on the greek people and their culture as most people see little hope in their future and for this reason the greek birth rate is the lowest in Europe .
10 years have passed in Greece and still the recession carries on even though there are some sectors of the economy have picked up of late ie real estate ( due to very favourable investment visa regulations ) .

Within just a few generations there will be very few greek speaking people left in the world due to massive inmigration to Greece ( as a stepping zone to the richer eu countries ) changing its racial makeup and a dwindling greek population with one of the lowest birthrates in the world . The greek diaspora does its best to retain its rich culture but for how much longer before this is diluted completely .

Greece should have left the Euro many years ago and retained its own currency and cultural norms . Countries like Poland and Hungary are much more socially cohesive and in the case of Poland with a better economy overall ,

Poland receives close to €10bn from the EU every year... After France it seems to have the most farmers in Europe, both receive large subsidies..

 

[expat0tree]

they print like mad not only because they need to pay for subsidies and fund the votes but also because inflation is technically a tax on the consumer, the kind of tax that doesn't need any approval, they just slap it collectively on everybody resulting in reduced purchasing power, and now the low consumer demand is hurting the economy, widespread vacancies, rising official unemployment and much lower tax revenues while everybody tries to hire people en negro. so the economic machine has reached its limits, now it's the judgement day for the argentine economy. there is a massive debt to pay back and no sound prospect for changing the laws or amending the constitution. the worst is yet to come, and the blood is yet to flow on avenida de mayo leading to casa rosada.

 

[deadOA]

I get all that.
What I don´t get is increasing wages at the same time simultaneously.
It offsets the purpose of printing in the first place.

2 competing factors are being pushed both in the same direction.
Would it make more sense if they were pushed in opposite directions?
Or, at least fix one factor and push the other factor in the direction you want.

 

[jantango]

 

[Pensador]

Your videos are an annoyance this crisis is not from Macri and if you do not understand economics etc you should not post anything about things you do not understand. It is clear you understand little about what has transpired in this country in the last 14 years and I think you should just read poetry and post about that.

Your so damn ignorant your posting propaganda from Venezuela. Perhaps your just a troll.

 

[deadOA]

Why can´t we be tolerant of the other side of a debate?

Neither correct nor right to assume that there is one and only one side.
No?

 

[jantango]

Perry is Greek, and the video refers to the Argentine financial crisis as worse than Greece. So I shared the video that is informative and useful to others on this forum.

 

[Pensador]

That is propaganda Venzuala wake up!

But out of great generosity and a kind heart I will pay for the plane tickets to fly to you there and you can really enjoy the life of that propaganda.

 

[perry]

That is propaganda Venzuala wake up!

But out of great generosity and a kind heart I will pay for the plane tickets to fly to you there and you can really enjoy the life of that propaganda.

Perry is Greek, and the video refers to the Argentine financial crisis as worse than Greece. So I shared the video that is informative and useful to others on this forum.

I agree that the crisis currently in Argentina is worse than greece and in just one year of this crisis the effect has been like three years in Greece . As much as I dislike Macri I also do not support Peronism .