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1796 points koolba | 4 comments | | HN request time: 0.215s | source
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drawkward ◴[] No.42063854[source]
It's the economy, stupid:

-Inflation is not prices; it is the rate of change in prices. Low inflation doesn't imply low prices. -Aggregate statistics don't necessarily explain individual outcomes.

The Dems failed on this count massively, and have, for maybe the last 40 years, which is about the amount of time it took for my state to go from national bellwether (As goes Ohio, so goes the nation) to a reliably red state. This cost one of the most pro-union Senators (Sherrod Brown) his job.

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UncleOxidant ◴[] No.42066822[source]
> The Dems failed on this count massively

What was their failure here? The failure to explain to the economically illiterate that while inflation is now about where it was prior to covid that prices won't be going down (unless there's some sort of major recession leading to deflation)?

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crazygringo ◴[] No.42066984[source]
Yup, there's nothing they could have done. That's the tragedy of it.

You can't just educate people in a campaign that the President doesn't cause inflation, when it's the result of a global pandemic. They just don't listen and don't care. The different campaign messages get tested among focus groups. The ones that try to teach economics or explain inflation perform terribly.

This isn't a failure of Democrats at all. This is just pure economic ignorance among voters.

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1. gus_massa ◴[] No.42067571[source]
In Argentina we got tired of lawyers/politicians roleplaying as economists, so we voted a real economist for president. In tree years we will be able to tell you if it was a good idea...
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2. glitchc ◴[] No.42069216[source]
Hah! Good luck. An economist is as much a politician as those other guys, who were likely lawyers.
3. marcosdumay ◴[] No.42069254[source]
He's looking good though. I'm quite happy for you.

The media insisted on comparing him to Trump or Bolsonaro for years, but if you actually listen to what he says, he sounds moderate social democrat. Go figure what the media is doing while he speaks...

4. Izikiel43 ◴[] No.42069373[source]
So far it's been working out great compared to the previous guy.

I compare Argentina's election to buying a car. One of the candidates basically ruled the country for 18 months, got inflation over triple digits annually, the exchange rate went to infinite, among other economic and administrative mishaps.

It's kind like test driving a car where it's engine overheats, the radiator explodes, and basically falls apart.

Your choices then become either buy the thing you know is broken and doesn't work, or buy the other new mystery thing which says it's going to work though you haven't tested it.

It's basically a known bad versus an unknown, yet still 44% of people voted for the broken car.

Milei so far has been doing great economically and getting inflation down, we'll see how it goes next year.