Making Sense of Argentina: Inflation, Milei, Macro with Sebastian Bensusan

Published: Dec. 27, 2023, 8 a.m.

b'For this episode, Noah Smith and Erik Torenberg are joined by Sebastian Bensusan, an Argentinian engineer, to discuss Argentina\'s unique inflation problem, its agricultural and mining sectors, dollarization, voting patterns, and more. Match a donation up to $100 for your favorite charity with GiveWell by going to https://givewell.org and pick \\u201cPodcast\\u201d and enter Econ 102 at checkout.\\n-\\nRECOMMENDED PODCAST: History 102 with WhatifAltHist\\n\\nEvery week, creator of WhatifAltHist Rudyard Lynch and Erik Torenberg cover a major topic in history in depth -- in under an hour. This season will cover classical Greece, early America, the Vikings, medieval Islam, ancient China, the fall of the Roman Empire, and more.\\n\\nSubscribe on Spotify: https://open.spotify.com/show/36Kqo3BMMUBGTDo1IEYihm\\nApple: https://podcasts.apple.com/us/podcast/history-102-with-whatifalthists-rudyard-lynch-and/id1730633913\\nYouTube: https://www.youtube.com/@History102-qg5oj\\n-\\n\\nCheck out Erik\'s new show Request for Startups featuring a rotating cast of founders and investors (including Dan) sharing their requests for startups they want to exist in the world, and also their stories of navigating the idea maze in different sectors so founders don\\u2019t have to reinvent the wheel anymore. The first episode is out now - we over better dating apps, references as a service, and WeWork for productivity\\n\\nWatch and Subscribe on Substack: https://requestforstartups.substack.com/p/receipt-based-dating-reference-checks\\n\\n\\nApple: https://podcasts.apple.com/us/podcast/request-for-startups-with-erik-torenberg/id1728659822\\n\\n\\nSpotify:https://open.spotify.com/show/739L1LR32QI2XyoZlRh5nv\\n\\n\\n--\\nWe\'re hiring across the board at Turpentine and for Erik\'s personal team on other projects he\'s incubating. He\'s hiring a Chief of Staff, EA, Head of Special Projects, Investment Associate, and more. For a list of JDs, check out: eriktorenberg.com.\\n--\\nSponsors: GIVEWELL | NETSUITE\\nHave you ever wondered where your donation could have the most impact? GiveWell has now spent over 15 years researching charitable organizations and only directs funding to the highest impact opportunities they\\u2019ve found in global health and poverty alleviation. Make informed decisions about high-impact giving. If you\\u2019ve never donated through GiveWell before, you can have your donation matched up to $100 before the end of the year, or as long as matching funds last. To claim your match, go to https://givewell.org and pick \\u201cPodcast\\u201d and enter Econ 102 at checkout.\\n\\nNetSuite has 25 years of providing financial software for all your business needs. More than 36,000 businesses have already upgraded to NetSuite by Oracle, gaining visibility and control over their financials, inventory, HR, eCommerce, and more. If you\\u2019re looking for an ERP platform head to NetSuite http://netsuite.com/102 and download your own customized KPI checklist.\\n\\n--\\nEcon 102 is a part of the Turpentine podcast network. To learn more: www.turpentine.co\\n\\n--\\nLINKS:\\n- Sebastian Bensusan\'s blog: https://blog.sbensu.com/\\n- Noahpinion on Substack: https://www.noahpinion.blog/\\n- Noah Smith, "Argentina\'s macroeconomic situation is even worse up close" on Substack: https://www.noahpinion.blog/p/argentinas-macroeconomic-situation\\n\\n--\\nX / TWITTER:\\n@noahpinion (Noah)\\n@sebasbensu (Sebastian)\\n@eriktorenberg (Erik)\\n\\n--\\n\\nTIMESTAMPS:\\n(00:55) Episode Preview\\n(03:25) Argentina\'s Economy & Industries\\n(09:00) Lack of Development State\\n(15:45) SPONSOR: GIVEWELL\\n(28:20) Hyperinflation & Dollarization\\n(30:46) SPONSOR: NETSUITE\\n(43:27) Inflation & Threshold Effects\\n(48:39) Impact of Inflation on Bonds & Borrowers\\n(55:10) Effects on Savings\\n(01:00:01) Replacing Welfare State with Growth\\n(01:08:14) Privatization & Corruption in Argentina\\n(01:13:04) Refocusing Argentina on Real Economy\\n(01:14:59) Post-Macroeconomics Argentina'