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 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.
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?
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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.
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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.
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?