I really don't know about all of this. someone said "Peso is collapsing", some other person said "Peso was collapsing but after Milei it is not anymore - see graph"
And my response, purely from math and graph point of view was "no, actually you are showing a bad graph." That is all. I hope Argentina gets back on its feet ASAP anyways, if it is with Milei, then more power to him.
Well, yes of course they are highly correlated but they do not share the exact same trend. I have no comment on the inflation as I do not know much about the Argentine economy. (I checked and I saw that there was a high inflation primarily due to Covid, and now the value is back at its pre-Covid situation.)
Anyways, I tried to counter the graph in the OP that implied "Peso collapsed before Milei and during Milei nothing happened to Peso."
Sure. I even hope his actions help benifit the Argentine economy. My point was to respond to the graph in the main tweet which divided the collapse of peso into "before" and "after" Milei, and tried to say "oh guys look. the Peso collapsed before Milei and not during his office." Point is, ARS continued its collapse also into his term in the office... That's all.
Yeah, and to be honest I don't really know much about Argentina. I just saw a series of posts showing this graph or a similar one and decided to take a better look into it.
The point is, the devaluation of Peso, is going with the same pace as before. So Milei did not increase its devaluation rate, nor he decreased it. The drop (which shall be regarded in logarithmic scale) is completely similar to the last 10 years or so.
In any case, a simple look into the inflation rate, shows almost a similar case. The same shit that happened all over the world, seems to have happened also in Argentina (but heavier than other places).
It seems that the country was still suffering (until last year) from the mismanagement of funds during COVID era (like any other country). and now it is getting back to the pre-COVID era.
Still, purely from the data, it does not seem that Milei's office did something significantly different than any other government. But one can argue that "numbers" do not tell the whole story, on which I agree. My problem is usually with using numbers to present reality in a distorted manner.