this post was submitted on 25 Dec 2023
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[–] Infamousblt@hexbear.net 59 points 11 months ago (3 children)

Libertarians around the world like AKTCHUALLY this is good for Argentinians! Nobody being able to afford goods and services is the cornerstone of a healthy society! I am very smart! smuglord

[–] scuffle@midwest.social 25 points 11 months ago

Idk what you're talking about my guy. Pretty sure numbers going up is a good thing for the economy 🤷

[–] explodicle@local106.com 2 points 11 months ago (2 children)

Is everything more expensive, or just fossil fuels and disposable diapers?

[–] CareHare@sh.itjust.works 5 points 11 months ago* (last edited 11 months ago) (1 children)

If a coin gets devaluation, everything else to the coin becomes more expensive, so yes.

For example: If 100 pesos was worth 1 euro, but through devaluation 200 pesos is now 1 euro, an Argentinian would have to pay up double the amount for the same thing in euro's. So international import is hard because everything from all over the world just got so much more expensive, but export 'should' be easy, because all your domestic products are worth so much less to produce.

I think fossil fuels and diapers just got even more expensive than that, but I don't know why. (I'm bad at economics)

[–] freebee@sh.itjust.works 3 points 11 months ago

If fuel was subsidised, it could be because it gets hit twice: general rising (import) prices + subsidies cut, while some other products might only feel the general rising prices.

[–] driving_crooner@lemmy.eco.br 1 points 11 months ago

Fossiel fuels are the base for the price of basically everything else. If gas is expensive, transportation costs are goi to be expensive and the products are going to reflect that.