Pretty epic turnaround. I'm curious what this is doing to the day-to-day of normal people though. Even us financial freedom folk admit dramatic change for the better probably hurts someone. Maybe Argentina was just injuring itself, breaking windows and such, that much to begin with?
He's slashed inflation by four-fifths, the peso is finally stabilizing, and he's tamed a monster 5% budget deficit -- equivalent to nearly $2 trillion in US terms -- into what's apparently an enduring budget surplus.
Things have gotten very expensive (for our local standards at least) including in dollar terms.
They have lowered tariffs for certain imported products but the local competition still has a high tax burden, stupidly unfair for local businesses. For example I've seen imported cheese (something rare over here) cheaper than some local brands.
Exactly, the situation was so bad that while it did hurt to many, it didn't sparked an outcry for many reasons:
deleted by author
Anyone that """"""works"""""" for the state
If I ever hear someone utter the word "government worker" I correct them to say "government employee"
I'd never disrespect the word work like that.
We do here the exact same thing. In Argentina the spanish expression for "government employee" has come to mean for decades "someone who lives greatly without working". It's literally used that way, someone will say to you for example "what are you doing just laying there? are you a gov employee?? come here to help!"
With any luck, the losers will just be the corrupt grifters who have been syphoning Argentina's wealth for generations.
Good article, I was sceptical about Milei mainly due to Whitney Webbs comments.
I’ve just subscribed to Peter St Onge.
deleted by author
CIA asset
Love to see it. Might turn even better once the turmoil waves flatten.
I'm not totally sure but colleagues from Argentina told me the deregulation of rental properties (apparently regulations were absurd) brought way more landlords into the market and dropped housing pricing by a lot.
I wish more people were economically literate so we could have more of those types of benefits in more places. Even if you think a regulation is necessary it's worth thinking about things as cost benefits. But a lot of people just don't really seem capable of that.
This is correct
The reality is very different from what Javier wants to show the world.
This article is so helpful to me as I was very eager to know about the economy, budget surplus and inflation of Argentina.
Javier has just turn it around for a shirt run. It's not a solution. As he promised before the elections that an adoption to Bitcoin is the way ahead but he hasn't even talked about Bitcoin. He is now busy with his fiat shit.
Seems like he did quite a bit of work. If only the USA could make some of these changes.
deleted by author
I think it's a bit disgusting how the journalist does not demonize leftist identity enough after it's caused 50% of poverty and 10% of extreme poverty in the past 2 decades in Argentina.
Mainstream view is the opposite, closer to your view, you'll enjoy reading this more: https://time.com/6980600/javier-milei-argentina-interview/
Quite disingenuous narrative, though.
It made me giggle that you don't think Peter St. Onge demonizes leftists enough. I'd bet money nobody's ever said that before.
Thank you
Leftist identity can't be demonized enough, but I'm glad that for the first time in recent history an article of a standard mass media dared to go against leftist narrative, that's one for the history books. Times are changing for good, and this man is largely responsible.