President Javier Milei, who has been in office for just over a month, is looking to employ tough austerity measures to bring down inflation, reduce a deep fiscal deficit and rebuild government coffers.
Argentina’s annual inflation rate sped past 211% in December
He only assumed office in December. I think he is a whacko but expecting him to have a major change in inflation immediately is a bit ridiculous, don’t you think?
He took measures in his first days that produced rises in both food and fuel, two of the biggest components of inflation. You think that may have influenced or not? I mean…
He actually said that was going to happen. Argentina has been. Subsiding fuel and food and removing the subsidies would lead to short term inflation since the price of both is no longer artificially low.
If he said the measures HE took were going to cause inflation, how is that the previous government’s fault? This is what I find funny. He said “25% inflation is great! We were going to much worse inflation! We should congratulate the Economy Minister”, but at the same time, you say the measurements he took were going to cause inflation. So… how did they avoid a worse inflation?
I’m sorry, but some people don’t want to see reality, just want to believe everything will be good in the end, but are not being critical with this government (something people should always do, regardless of who they voted for), and everything the government do is fine with them, no matter how incoherent the discourse is, or how harmful those measures are.
Yeah exactly. The timelines of changes like this are longer than just a few months. Milei’s work will be bearing fruit for the next decade or so, unless the next government does a complete 180.
Good ol’ anarcho-capitalism solving everything!
He only assumed office in December. I think he is a whacko but expecting him to have a major change in inflation immediately is a bit ridiculous, don’t you think?
He took measures in his first days that produced rises in both food and fuel, two of the biggest components of inflation. You think that may have influenced or not? I mean…
He actually said that was going to happen. Argentina has been. Subsiding fuel and food and removing the subsidies would lead to short term inflation since the price of both is no longer artificially low.
If he said the measures HE took were going to cause inflation, how is that the previous government’s fault? This is what I find funny. He said “25% inflation is great! We were going to much worse inflation! We should congratulate the Economy Minister”, but at the same time, you say the measurements he took were going to cause inflation. So… how did they avoid a worse inflation?
I’m sorry, but some people don’t want to see reality, just want to believe everything will be good in the end, but are not being critical with this government (something people should always do, regardless of who they voted for), and everything the government do is fine with them, no matter how incoherent the discourse is, or how harmful those measures are.
The measures would lead to higher inflation in short term but decrease in the long term. It actually is sound economically.
As soon as you get elected literally everything becomes your fault, it’s tradition.
Yeah exactly. The timelines of changes like this are longer than just a few months. Milei’s work will be bearing fruit for the next decade or so, unless the next government does a complete 180.
Oh yeah, anarcho capitalism and economic libertarians never fail. Its always socialism, communism, people fault.
Oh both fail certainly. Getting the theory correct is important, but even the most perfect theory can be fucked up in implementation.
I believe that’s what communists claim that happened to all the communist experiments on this planet?
No more ridiculous than banning gatherings of more than 3 people or arresting people and making them pay for your jackboot gestapo
Are u you talking about those racist loitering laws that have been historically used to oppress non-white Americans?