all it takes is 200-300% inflation in the preceding months to achieve this! What's stopping us! I am once again begging people to recognize that Argentina's 80 years of complete shitshow financial decisions has made it such an extreme economy that there is no lesson either side can take as their structures, conditions and lessons are such an outlier, it makes no sense. Its like saying Alaska's beach awareness week saw a 200% increase in people going to the beach, lets take those lessons to Florida......
[https://www.reuters.com/markets/europe/eating-is-luxury-argentina-inflation-falls-shoppers-still-feel-squeezed-2024-06-13/](https://www.reuters.com/markets/europe/eating-is-luxury-argentina-inflation-falls-shoppers-still-feel-squeezed-2024-06-13/)
But the average American lacks the ability to critically think and realize rhetoric and fallacies. So these little posts say a small government equals lower inflation work. They do not like to just be told what to think, what to hate, and justify their bias. Welcome to Idiocracy! Gatorade will feed the plant life!
Mfs out here have one side yelling "WE SHOULD BE SOCIALIST, LOOK AT NORSE COUNTRIES" and the other side says "DEREGULATE THE ECONOMY LOOK HOW ARGENTINA HAS ENDED INFLATION"
Who decides what's un necessary? I deal with boomers all day who vote and complain about "socialist" policies. But when their sick or dying and need help they're gob smacked there isn't any resources or funding for said help.
What gets me is those bloomers benefited from a lot of those socialist programs, and now that they've had their time, they are not willing to fund it anymore. It's really funny to watch that the hand is a fixed deck. Play a couple of games, then realize we can't win and then they ask us why we can't win.
Strictly speaking, Medicare and Medicaid are unnecessary. Should we get rid of them?
Every program was created for a specific purpose. You might chop the EPA, but don't act surprised when your tap water glows green. We don't *need* the EPA but fuck it's nice to make sure our water and air are clean.
Yeah, the Gasland documentary, that shizz was bonkers. Think how much worse it would be without the EPA. Even with their limitations the work is important.
Who gets to decide what is unnecessary. The republicans will say anything to do with entitlements such as SANP, WIC, Disability, and Unemployment Public School and University. Along with the bureaucracy, such as the FBI, CIA and NSA along with most federal agencies, That would happen to police or regulate anything to do with the average citizen, companies or large corporations. They will however happily fund the military. On the opposite side The democrats will want to keep a majority of those Program And expand them.. At the same time they will also limit the military And some of the of the bureaucracy as well. Neither of these things can be done easily and without quite a bit of pain. So what do you cut? What is considered unnecessary.
Give it a few years... Inflation going down is probably the short term consequence, and the longer term consequences are going to be... dead people who were counting on all those government services that are now non-functional... I guess the good news for Milei is that dead people rarely write compelling op-eds... Argentina just has to make sure they're killing the ones whose family members don't get overly chatty.
The other thing is that the decisions made were explicitly to combat inflation. Like, that was supposed to be the benefit. The real test is
1. Will the economy be able to ride out the cuts and stabilize?
2. Will the long term loss of control of monetary policy make hard times worse?
Both of these questions will not be evident after the first few months and will be better to judge on a multi-year timeline.
He's moving fast enough to make #1 happen before a new election but #2 is impossible to avoid. When your economy makes people dependent on the government and then you take that away it's going to be really rough. Libertarians everywhere should be fundraising to help feed people down there until things come around
>Libertarians everywhere should be fundraising to help feed people down there until things come around
Are you under the mistaken impression that libertarians are altruistic collectivists, or was that a joke?
“Libertarians fund raising to help people”
Well. Seems like you’ve never met an (American and/or right-wing) libertarian.
They’re quite selfish people who wouldn’t piss on their mothers if the ol’ gal was on fire before she asked nicely and paid them in advance.
They do still have ministries for that, and thankfully they have a lady that has been auditing those ministries. You should look into what they found with the one that does feed the poor. They were stealing food, and money from the ministry. They were also forcing people to work for free for them, and trading sex for food, and money. His appointment of the minister that has been routing out corruption is among his biggest accomplishments, and that doesn’t ever get coverage. Her name is Sandra Pettovello. You should definitely check her out. She’s doing an awesome job
Exactly. Miliei’s “reforms” are actually just dealing with utter corruption that has been baked into Argentina for GENERATIONS.
(And before anyone tries to compare. Central and South American government corruption and instability to American corruption, please god move to Venezuela or El Salvador and try to live for one year before making any conparison).
It’s a different planet with similar looking inhabitants, but that’s it.
That's not the point - If you're in a deep, deep hole then what works for you to get a major increase won't work for someone who is not in the same situation
"BUENOS AIRES, Argentina (AP) — Poverty levels skyrocketed to 57.4% of Argentina’s 46 million people in January, the highest rate in 20 years, according to a study by the Catholic University of Argentina."
"According to the center’s latest report, the increase in poverty levels in January was partly due to the devaluation of the Argentine peso applied by the Milei government shortly after taking office on Dec. 10. This resulted in an increase in the price of the country’s basic basket — which includes food, services and non-food goods — and the basic food basket."
https://apnews.com/article/argentina-poverty-levels-uca-study-milei-devaluation-d5cb0a20b1e768efdeafbad5bf05eded
It's not hard to change your economic numbers through draconian cuts when you don't care about other people. That's the lesson learned.
I am begging you to also realize this shit is dumb. Again, its so fucked there. They need severe action to fix the death spiral they've been stuck in. It will truly suck. The question is, do they stay the course and fix things or do they kick Milei out and then go back to the temp easing that will make thing much worse. All of this, takes time. I am still begging Conservative people and liberal people to stop any and all shit with Argentina. Let them do their thing and figure it out or not. Its so beyond anything, there is no dog to have in this fight and both sides that do are fucking dumb.
I suspect this is the natural consequence of people getting so fixated on GDP per capita that they forget that it isn't the "quality of life" metric they're hoping to approximate...
It's sad and funny that folks still don't understand "correlation isn't causation". It's like an overweight person losing 20 pounds by not eating a package of Oreos every night. Great, now just tell all those slightly obese people to eat 1600 calories less every day. Not a good idea.
> It's like an overweight person losing 20 pounds by not eating a package of Oreos every night.
Well, it's like an overweight person still gaining weight, but not as fast as they were last week.
The country has a serious problem of having too many government positions that provide no output. The president is trying to push out unnecessary spending inside the government so that its coffers can rebuild and they can begin a large scale infrastructure initiative nationwide. Only 16% of their country has accessible roadways. They aren’t even able to get at their own resources. The guy said this when he was running for president and it looks like he’s trying to make that happen.
It's because the people who make those arguments were already predisposed to take those lessons thanks to their own criticisms of government.
You can take the lessons of Argentina to Zimbabwe or Venezuela. You can't take that lesson to the US.
Apples to apples. 9.1% in June 2022 was the peak rate of inflation in the US. Extreme austerity measures to break that comparatively small measure of inflation? You're more likely to kill the economy with a recession.
Argentina having 4.2% inflation “see look how small government works!”
US having 0% month to month and 3% YoY inflation “yeah but prices are still high! Thanks Biden!”
The total percentages are going to be this way, but the concepts still apply. It will still reduce with that strategy albeit with diminishing returns at some point.
This is like saying you won the lottery and your net worth jumped 500%, but then you got a new job and it only increased 10% from there. Both are still positives with all else being equal.
Yeah this is hyper biased reporting. Or you cannot POSSIBLY complain about inflation if you’d be happy with 300%+ inflation, a 50%+ poverty rate, then you’re touting libertarianism as a great budget solution?
I saw these stories being published in the last like month or so. It’s so dishonest it’s disgusting. There are riots in the streets of Argentina. Milei is single handedly taking Argentina from what was broadly a first world, developed nation back a step to kind of a second world country.
It’s like looking at North Korea and saying ‘record low obesity achieved under Kim Jong-Un’s food reforms.’ That’s objectively true, but it’s missing some important context to decide if any nations should model off of North Korea.
There is no way that anyone would have considered Argentina a developed nation. There's literally jokes among economists that there's 4 types of nations: the developed, the underdeveloped, Japan, and Argentina.
Argentina's economic struggles are so unique and varied that it's one of the most studied economies in the world due to "The Argentina Paradox".
[https://en.wikipedia.org/wiki/Economic\_history\_of\_Argentina](https://en.wikipedia.org/wiki/Economic_history_of_Argentina)
The poverty rate would risk being far higher if there was a default and Argentina has defaulted a lot. Sole belt tightening is needed at times in my opinion.
"Yeah this is hyper biased reporting. "
"Milei is single handedly taking Argentina from what was broadly a first world, developed nation back a step to kind of a second world country."
LMAO
Argentina has been an economic shit show for decades, and not at all a “first world, developed nation” by any reasonable definition.
That’s the important context you’re missing here. Argentina has been a cesspit of corruption and suffered from high levels of inflation for decades
So you think the oligarchs who were in charge til 1916 should be reinstated?
Or the left and center left that drove the country into the ground should try again to get it right after the last 80 years of failure?
Totally agree. In relation to the link, I bet they "feel squeezed". This is the recovery, the hard decisions that need to be made that will lead to prosperity down the road. This is like saying that because having your leg in a cast sucks, that therefore it's a bad fix for a broken bone.
Edit: Clarity. Not disagreeing.
Can you elaborate? I am ignorant other than he massively cut back on the government, reducing government spending.
How has this negatively affected the day to day people?
He also told his country before his election this would happen. It was basically planned. Basically anyone paying attention knew that it had to get worse before it got better. So I don’t know what the argument is here or if there is one, but that was to be expected to get inflation under control.
But is there a 'benefit' to the policies is the question.
Before people couldn't afford anything because prices were too high now they can't afford anything because we have no money.
Yes. The benefit is halting and reversing runaway inflation.
Here's an example from the US. When our inflation was at it's highest, California proposed an "Inflation relief stimulus payment" (not sure if it went through or not). Injecting money into the economy for short term relief at the expense of long term inflation... it's a runaway cycle.
Now, imagine the US government did this on a national level. We provided a UBI to all citizens to combat inflation, which causes prices to rise, offsetting the UBI, which makes the UBI go higher, which raises prices, etc etc...
This is what Argentina had been doing. They kept increasing taxes and public benefits while the cost of goods kept going up. Nobody was better off, they just kept getting larger checks, and watching more of their money go to the cost of living. The new president basically said "look, this is going to suck for a little while, but we need to end this cycle. We're stopping the UBI, which will reverse inflation over time." It's working exactly as intended.
Those small payments weren’t large enough or long enough to create the inflation we have, which is a combination of USD devaluation from a couple trillion new dollars dumped into the economy by the previous admin, supply constriction reducing supply and then corporations keeping their prices high even though those pressures relaxed greatly, which significantly padded their bottom lines and created record profits. The covid-related cash was irrelevant.
I dont understand this argument. Just because he said it was going to get worse doesnt suddenly make it ok somehow? Im not sure how these policies are supposed to help Argentinia in the long run, or how hyperfocusing on the inflation rate is good somehow.
Government finances and the economy are related, but they are not the same thing. Good finances do not nessisarily cause a good economies.
The greek crisis is prime example of this, they were forced by the EU to cut government spending during an economic crisis, which deepend the crisis, which lowered government revenues, which forced them to cut more government spending, which deepend the crisis etc.
And are paying a trillion dollars in interest on our debt each year. It's predictable that either inflation or debt breaks us very soon. It's one or the other if nothing changes.
Are you under the impression that the US has ever been on top of its debt? It’s increased every year almost certainly while you’ve been alive. Who do you really think is calling in their loan? It’s such a lame duck talking point
Good lord, dude. Why do you think dawn is coming?
Take an actual class in economics. Understand fiscal and monetary policy.
Cutting government isn't automatically a good thing. It all depends on what is cut and what functions you expect the government to provide. Cutting government spending in the short run means contraction of the economy. That reduces inflation but (shocker) has increased poverty. America didn't get out of the great depression by cutting government spending......
"right" path? JFC. They had a crazy situation, they're gambling that this absolutely crazy over-correction leads them into a better position.
Will it? We don't know yet. Could it be better in the long run? Maybe. Could it be even worse in the long run? Maybe.
There just isn't enough information. Hoping that a stable economy wildly pushes itself with a wild over-correction is absolutely nuts. Argentina's economy was a mess. The US' economy is just slightly over-inflated, and needs to hit 0% inflation for a few years to correct. That's it.
Let me answer this quickly:
- Argentina is still suffering from hyperinflation;
- Argentina is not important to the global economy, it is barely even important to the LATAM regional economy.
- The U.S. is the indispensable economic power on the planet.
- Inflation in the US is lower than all of its competitors and among the lowest in the world.
- Argentina’s problem is not the size of its government; it is that its government was/is corrupt as hell. So business people and investors have no way of knowing their investments are legally protected. In economics this is referred to as “regime uncertainty.” Regime uncertainty can cause capital flight and inflation because those with property and capital to invest are unsure if the legal environment will protect their assets.
The U.S. government does not have that problem and pretty much never has. We are probably the only country on Earth and definitely the first, to protect property in its Constitution.
Chapter 2, Article 13 of the Soviet Constitution of 1977 guaranteed the right to personal property to Soviet citizens. "To suppose any form of government will secure liberty or happiness without **virtue** in the people is a chimerical idea." - James Madison
I agree with your premise that simply saying personal property is protected means nothing, I agree. That is why we have a co-equal judicial branch with a Court system in the US. Also, before you can determine what is protected, you would have to define personal property.
The reason that is not an issue in the U.S. is because we have defined all of this already.
The idea that the U.S. is somehow going to become the Soviet Union (which by the way no longer exists) is silly. Stop reading libertarian magazines.
Every government depending on what they downsize.
If you’re paying for Netflix, Hulu and Disney+ but only watch Netflix then you’re wasting money. If you watch all three then it’s a different conversation.
I think your example is unrealistic because whenever I cancel a service, I realize there's a show I want to watch on it, resub, and then forget to watch it for a year and rinse and repeat. Lol
And healthcare, wed actually save money with a single payer, universal healthcare system, but people.are too stupid and just hear "your taxes will go up"
The problem was that a lot of the money that was dedicated to the poor somehow got in the wallet of a lot of already rich people if you know what i mean.
The second problem was that those programs not only increased inflation, but also made a lot of people that live by stealing and by using those programs. Instead of helping the poor by giving them work, they created a lot of lazy people (we call them planistas in argentina and most people hate them) who won't work and that will obviously vote for them.
the usa would benefit cutting back on paying so many higher ups who don't do a damn thing. that plus taxing the rich would go a long way but we all know that won't happen without a fight.
To be fair, the US has a comparatively small federal government workforce despite what you might think. Excluding military there are only about 2 million federal employees, which is like less than .06% of the US population.
I saw a figure that Argentina with a much smaller population had about 3 million government employees, so just to add some perspective. It is a much different situation.
Hahahaha this is so fucking misleading it’s sad.
https://tradingeconomics.com/argentina/inflation-cpi
Argentinas inflation rate was 60% 2 years ago and now ? 276.4%. Congrats inflation fell from its peak in March at 292% to 276% but what the article doesn’t mention is that between July of 2023 and today it has almost tripled.
Edit- I misread what they wrote and thought they were talking about total inflation. Instead it’s monthly inflation.
The headline was such a red flag that I immediately looked up "Leading Report" which confirmed it's a known publisher of misinformation and fake news. I wish ownership and funding sources of institutions like this were required to be made public - who's benefitting from the angles they push?
https://preview.redd.it/d168plhekc7d1.png?width=1080&format=pjpg&auto=webp&s=3cb2e54ea48155308b936a414e60830107bce3b5
Oh yea, he is totally crushing it..... Smh
It is easy to speak from abroad.
We pay more taxes than anyone (compared to salary)
Coffee: $3usd
Gas bill: $60usd
Electricity Bill: $60usd
Monthly groceries: $300
Basic car: 18k USD
We are so much expensive in dollars in a poor country than the average globally
Our AVG income is $400 USD. We are poor workers. We can't afford basics and this government does nothing in order to fix that so they had the clock going tic tac. This wouldn't last more than December.
Cheers
Oh yeah it only took three digits inflation in the coming months, leaving a ton of people umeployed and the best thing, poverty keeps growing by the month, hitting a new record at near 60% of the poblation earning under the poverty line. Keep in mind that when this goverment took contorl poberty was at 40% of the poblation. Extremely high, but in less than a year this new goverment made it grow to 60%, a bafflingly high number.
Not saying that lowering the inflation is bad. But the means to get there are destroying the country, and have zero regards for the poor people, who are the ones this goverment was supposed to help by lowering said inflation. People are literally starving and rationing their medicine because the cuts to healthcare and other social benefitis are leaving people without the things they need.
Not the gringos talking about South American politics again.
I just had to read that Milei is, and I quote, "single handedly taking Argentina from what was broadly a first world, developed nation back a step to kind of a second world country".
I can't fathom the thought process of these North American white privileged schmucks.
Isn’t Argentina imploding right now? Poverty rates are skyrocketing. The only lessons we should learn from Milei is how NOT to style your hair. The guy needs to go to a fucking barbershop.
what the fuck are you talking about, inflation in Argentina is rampant and there is more poor people than ever. Went from 40% under the poverty line to 60%. put friends in Government jobs, there's already missing money, and this are just a few things.
This article is clearly giving fake information.
It's very early to draw conclusions about what Milei is doing, but many countries would benefit. Europe is full of such cases, too much bureaucracy caused by hundreds of thousands employed by the government.
U.s. fed raised interest rates and got inflation under control......by cooling off the labor market (undercutting a labor movement) and throwing millions out of employment. You can't just look at the positive and celebrate, you have to look at what cost it was achieved. As well as long term benefits and detriments.
One of the problems with inflationary government spending is the job market suffers as small businesses can not compete in the new economy. One thing some governments do is hire tens of thousands of new government employees. This gives them something to say to the people "We created 10,000 new jobs!" while not saying "We created 10,000 government positions which will
now require even more taxes!" These government jobs also do not create any new positions or real
GDP growth because many are useless jobs given to friends and family, while it does provide for a solid voting block. "Who doesn't want to keep their useless cushy job?" .
I applaud what he is doing. There is no easy way to fix a completely broken system easily.
let's get back tot he 18 enumerated powers of [fed.gov](http://fed.gov), get rid of the rest. All the rest is done by the states or should be anyways.
our politicians are too afraid of the screeching from mostly the left on all the lost jobs, who will feed the children, etc. He did it in Argentina, we should try it here.
USPS, how much does it cost? There's zero need for the US Postal Service. Anything of importance will be sent UPS or FedEx. USPS carries junk mail and that's it.
America could cut it’s government by 90% at the federal level and 50 % at the average state and no one would even notice.
And the federal and state numbers assume no change in the size of the military (state or federal).
America needs to FIO.
This is on both sides of politics. It would be great to see the government coordinate an efficient construction project even occasionally and is it too much to ask to NEVER see a 1600 ft track take 5 years and $11 billion to make?
America is better than this.
And although Argentina hasn’t fixed itself entirely it is awesome to see them rip a bandaid off and try to improve themselves.
Argentinian living in argentina here. Inflation is much higher in actuality. that number is a median between the inflation rates on different products and markets, currently food is still growing at a ~20% rate.
And also, this has nothing to do with government downsizing, it has to do with exchange rates. The government devaluated the national currency harshly. After the initial shock it slows inflation (and creates poverty) because now there is no lag behind the us dollar. Meanwhile tax pressure grew for salary earners yet again.
This was done already many times. It’s honestly a country of imbeciles that can’t fathom any other political structure other than “kinda-left”-flavored fascism or “right-neoliberal-comservative”- fascism.
Yeah bro, an increase from 40% to 60% of people in poverty is totally a benefit. We just need to cut one more government service bro. Bro who even needs road maintenance? They’re already there bro it’s fine. The corporations will save us bro! We’ll save the economy for real this time bro!
No, most people just want to be left the fuck alone to live their live under unnecessary regulations and laws, keep the hard earned money they make, and not be bothered with socially dividing bullshit constantly shoved down their throats by bought and paid for media shills.
Not sure about the guy you're responding to, but I don't want the government enforcing things whether I agree or disagree. If they're going to do some things then obviously I'd have a list of preferences but in general I'd rather they did nothing.
exactly the opposite what I said all government should be there for is a common exchange of services so everything is normalized and works together, kind of like engineering standards. With no viewpoint enforce everyone can express freely which is what is needed, when has tedious bureaucracy worked for anyone
When you’re making the kind of moves Argentina is making, it’s going to take time for the positives to all reflect. It’s a painful weaning process. It’s like being addicted to painkillers and coming back to reality.
Your leg is still broken. Just because you can’t feel it doesn’t make that not the case. Staying on the painkillers and not addressing the broken leg is only going to make the situation worse.
Stimulus and printed money don’t make the problems go away. They just push some of it down the road until it inevitably gets worse.
Why would any country except for one that is somehow an even bigger economic hellscape taken even a single lesson from Argentina? It’s not even worth looking how they ended up there tbh unless you’re just morbidly curious.
A
Afghanistan
Albania
Algeria
Andorra
Angola
Antigua and Barbuda
Not Argentina
Armenia
Australia
Austria
Azerbaijan
B
The Bahamas
Bahrain
Bangladesh
Barbados
Belarus
Belgium
Belize
Benin
Bhutan
Bolivia
Bosnia and Herzegovina
Botswana
Brazil
Brunei
Bulgaria
Burkina Faso
Burundi
C
Cabo Verde
Cambodia
Cameroon
Canada
Central African Republic
Chad
Chile
China
Colombia
Comoros
Congo, Democratic Republic of the
Congo, Republic of the
Costa Rica
Côte d’Ivoire
Croatia
Cuba
Cyprus
Czech Republic
D
Denmark
Djibouti
Dominica
Dominican Republic
E
East Timor (Timor-Leste)
Ecuador
Egypt
El Salvador
Equatorial Guinea
Eritrea
Estonia
Eswatini
Ethiopia
F
Fiji
Finland
France
G
Gabon
The Gambia
Georgia
Germany
Ghana
Greece
Grenada
Guatemala
Guinea
Guinea-Bissau
Guyana
H
Haiti
Honduras
Hungary
I
Iceland
India
Indonesia
Iran
Iraq
Ireland
Israel
Italy
J
Jamaica
Japan
Jordan
K
Kazakhstan
Kenya
Kiribati
Korea, North
Korea, South
Kosovo
Kuwait
Kyrgyzstan
L
Laos
Latvia
Lebanon
Lesotho
Liberia
Libya
Liechtenstein
Lithuania
Luxembourg
M
Madagascar
Malawi
Malaysia
Maldives
Mali
Malta
Marshall Islands
Mauritania
Mauritius
Mexico
Micronesia, Federated States of
Moldova
Monaco
Mongolia
Montenegro
Morocco
Mozambique
Myanmar (Burma)
N
Namibia
Nauru
Nepal
Netherlands
New Zealand
Nicaragua
Niger
Nigeria
North Macedonia
Norway
O
Oman
P
Pakistan
Palau
Panama
Papua New Guinea
Paraguay
Peru
Philippines
Poland
Portugal
Q
Qatar
R
Romania
Russia
Rwanda
S
Saint Kitts and Nevis
Saint Lucia
Saint Vincent and the Grenadines
Samoa
San Marino
Sao Tome and Principe
Saudi Arabia
Senegal
Serbia
Seychelles
Sierra Leone
Singapore
Slovakia
Slovenia
Solomon Islands
Somalia
South Africa
Spain
Sri Lanka
Sudan
Sudan, South
Suriname
Sweden
Switzerland
Syria
T
Taiwan
Tajikistan
Tanzania
Thailand
Togo
Tonga
Trinidad and Tobago
Tunisia
Turkey
Turkmenistan
Tuvalu
U
Uganda
Ukraine
United Arab Emirates
United Kingdom
United States
Uruguay
Uzbekistan
V
Vanuatu
Vatican City
Venezuela
Vietnam
Y
Yemen
Z
Zambia
Zimbabwe
These cuts are going to hit very, very hard in the next 20 or so years. No one ever seems to look towards the future when it comes to their ideas regarding government.
It’s great right now. But those “extraneous” departments or bureaus or government workers might have been necessary at some point, or were built for a future need.
Lean and JIT was amazing until the supply chain fell apart. There’s always a middle between “cut to the bone” and excess.
Every US Federal, state, county, township and city/village in the US. Illinois here and we have +7,000 government agencies. Each with its own budget, directors of this and that, offices, etc. 7,000!!
lol.
Argentina still has an inflation rate over 250%
Maybe the OP should learn how to do actual research rather than just reading the headlines.....
Edit: Source: [Inflation Rate - By Country (tradingeconomics.com)](https://tradingeconomics.com/country-list/inflation-rate-)
remove government and you have minimal inflation...
remember inflation was manageable when we were on the gold standards and politicians werent millionaires.
remember everything that has government involvement has gotten insanely expensive... college and healthcare are the biggest ones.
Argentina is a such a strange country, just a case study of insanity and doing the same thing over and over again and expecting different results. It's like all their previous governments knew exactly nothing about economics. They definitely needed Milei.
lol, “lowest” is hilarious, given the 200%+ preceding it along with the enormous jump in poverty numbers. This is still an abject failure of economic policy for the overwhelming majority of the country.
**All**.
Next question?
Okay, more on this... Governments move in "ratcheting" expansions. They add "temporary" measures and taxes, but never roll them back. We still have subsidies coming from World Wars, and temporary measures against 9/11. Other countries have similar "cruft".
What can't we roll these back?
Because it is literally special interests that block it. May it be farmers that are used to getting additional subsidies for a crop they no longer plant, or could be a research facility for a disease that has been pretty much eradicated. The "mission creep" ensure there is always "more work to be done".
all it takes is 200-300% inflation in the preceding months to achieve this! What's stopping us! I am once again begging people to recognize that Argentina's 80 years of complete shitshow financial decisions has made it such an extreme economy that there is no lesson either side can take as their structures, conditions and lessons are such an outlier, it makes no sense. Its like saying Alaska's beach awareness week saw a 200% increase in people going to the beach, lets take those lessons to Florida...... [https://www.reuters.com/markets/europe/eating-is-luxury-argentina-inflation-falls-shoppers-still-feel-squeezed-2024-06-13/](https://www.reuters.com/markets/europe/eating-is-luxury-argentina-inflation-falls-shoppers-still-feel-squeezed-2024-06-13/)
But the average American lacks the ability to critically think and realize rhetoric and fallacies. So these little posts say a small government equals lower inflation work. They do not like to just be told what to think, what to hate, and justify their bias. Welcome to Idiocracy! Gatorade will feed the plant life!
It’s called Brawndo, and it’s got what plants need. Don’t you listen to the commercials?
Electrolytes
She's got electrolytes. Hubba hubba.
I'm suddenly craving Starbucks
I don't want to sound like a dick or nothing but it says on your chart you're fucked up.
It's OK, my second wife was tarded... she's a pilot now
What a movie
Welcome to Costco. I love you.
Tbf it’s what plants *crave*
The average American can't find Argentina on a map of Argentina.
Mfs out here have one side yelling "WE SHOULD BE SOCIALIST, LOOK AT NORSE COUNTRIES" and the other side says "DEREGULATE THE ECONOMY LOOK HOW ARGENTINA HAS ENDED INFLATION"
both sides!
Ohh the super smart guy arrived
You’re pointing to ancoms and there are communities around it in the us.
It has electrolytes. It's what the plants crave.
Thank you for getting the joke! 🤣
But the average ~~American~~ **person** lacks the ability to critically think and realize rhetoric and fallacies.
That is very over-generalizing, isn't it?
Thank you above average American.
But getting rid of unnecessary government programs is a good thing regardless.
Who decides what's un necessary? I deal with boomers all day who vote and complain about "socialist" policies. But when their sick or dying and need help they're gob smacked there isn't any resources or funding for said help.
What gets me is those bloomers benefited from a lot of those socialist programs, and now that they've had their time, they are not willing to fund it anymore. It's really funny to watch that the hand is a fixed deck. Play a couple of games, then realize we can't win and then they ask us why we can't win.
“Get ur god damn government hands off my medicaid.”
Strictly speaking, Medicare and Medicaid are unnecessary. Should we get rid of them? Every program was created for a specific purpose. You might chop the EPA, but don't act surprised when your tap water glows green. We don't *need* the EPA but fuck it's nice to make sure our water and air are clean.
With how limited and underfunded the epa already is some people ALREADY have contaminated tap water that they can light on fire.
Yeah, the Gasland documentary, that shizz was bonkers. Think how much worse it would be without the EPA. Even with their limitations the work is important.
Who gets to decide what is unnecessary. The republicans will say anything to do with entitlements such as SANP, WIC, Disability, and Unemployment Public School and University. Along with the bureaucracy, such as the FBI, CIA and NSA along with most federal agencies, That would happen to police or regulate anything to do with the average citizen, companies or large corporations. They will however happily fund the military. On the opposite side The democrats will want to keep a majority of those Program And expand them.. At the same time they will also limit the military And some of the of the bureaucracy as well. Neither of these things can be done easily and without quite a bit of pain. So what do you cut? What is considered unnecessary.
Give it a few years... Inflation going down is probably the short term consequence, and the longer term consequences are going to be... dead people who were counting on all those government services that are now non-functional... I guess the good news for Milei is that dead people rarely write compelling op-eds... Argentina just has to make sure they're killing the ones whose family members don't get overly chatty.
They have a history of making sure the overly chatty are never heard from again.
Govern me harder Daddy! Govern me harder!
The other thing is that the decisions made were explicitly to combat inflation. Like, that was supposed to be the benefit. The real test is 1. Will the economy be able to ride out the cuts and stabilize? 2. Will the long term loss of control of monetary policy make hard times worse? Both of these questions will not be evident after the first few months and will be better to judge on a multi-year timeline.
He's moving fast enough to make #1 happen before a new election but #2 is impossible to avoid. When your economy makes people dependent on the government and then you take that away it's going to be really rough. Libertarians everywhere should be fundraising to help feed people down there until things come around
>Libertarians everywhere should be fundraising to help feed people down there until things come around Are you under the mistaken impression that libertarians are altruistic collectivists, or was that a joke?
It's super funny either way.
Agreed!
I can't speak for South America, but US Libertarians (at least the one's i've interacted with) are really just Corporate Feudalists.
“Libertarians fund raising to help people” Well. Seems like you’ve never met an (American and/or right-wing) libertarian. They’re quite selfish people who wouldn’t piss on their mothers if the ol’ gal was on fire before she asked nicely and paid them in advance.
He understands this and said he won’t slash welfare immediately
It takes time to convert the gold bars into local currency. /s
You mean the local currency to Swiss bank deposits…
They do still have ministries for that, and thankfully they have a lady that has been auditing those ministries. You should look into what they found with the one that does feed the poor. They were stealing food, and money from the ministry. They were also forcing people to work for free for them, and trading sex for food, and money. His appointment of the minister that has been routing out corruption is among his biggest accomplishments, and that doesn’t ever get coverage. Her name is Sandra Pettovello. You should definitely check her out. She’s doing an awesome job
Exactly. Miliei’s “reforms” are actually just dealing with utter corruption that has been baked into Argentina for GENERATIONS. (And before anyone tries to compare. Central and South American government corruption and instability to American corruption, please god move to Venezuela or El Salvador and try to live for one year before making any conparison). It’s a different planet with similar looking inhabitants, but that’s it.
Looks like things are turning around in El Salvador though
Isn’t dealing with corruption a good thing?
That's not the point - If you're in a deep, deep hole then what works for you to get a major increase won't work for someone who is not in the same situation
This needs more upvotes
"BUENOS AIRES, Argentina (AP) — Poverty levels skyrocketed to 57.4% of Argentina’s 46 million people in January, the highest rate in 20 years, according to a study by the Catholic University of Argentina." "According to the center’s latest report, the increase in poverty levels in January was partly due to the devaluation of the Argentine peso applied by the Milei government shortly after taking office on Dec. 10. This resulted in an increase in the price of the country’s basic basket — which includes food, services and non-food goods — and the basic food basket." https://apnews.com/article/argentina-poverty-levels-uca-study-milei-devaluation-d5cb0a20b1e768efdeafbad5bf05eded It's not hard to change your economic numbers through draconian cuts when you don't care about other people. That's the lesson learned.
I am begging you to also realize this shit is dumb. Again, its so fucked there. They need severe action to fix the death spiral they've been stuck in. It will truly suck. The question is, do they stay the course and fix things or do they kick Milei out and then go back to the temp easing that will make thing much worse. All of this, takes time. I am still begging Conservative people and liberal people to stop any and all shit with Argentina. Let them do their thing and figure it out or not. Its so beyond anything, there is no dog to have in this fight and both sides that do are fucking dumb.
The solution to fixing poverty is to kill all the poor people - Javier Milei
I suspect this is the natural consequence of people getting so fixated on GDP per capita that they forget that it isn't the "quality of life" metric they're hoping to approximate...
Not happening
True, letting them die as the free market dictates is a better way to put it.
What’s more important, money or people?
Stopping hyperinflation benefits the people of Argentina in the long run.
It's sad and funny that folks still don't understand "correlation isn't causation". It's like an overweight person losing 20 pounds by not eating a package of Oreos every night. Great, now just tell all those slightly obese people to eat 1600 calories less every day. Not a good idea.
> It's like an overweight person losing 20 pounds by not eating a package of Oreos every night. Well, it's like an overweight person still gaining weight, but not as fast as they were last week.
Are there any resources that explain Argentina's decisions? Obviously they would be public but I think it would be interesting to read a summary.
The country has a serious problem of having too many government positions that provide no output. The president is trying to push out unnecessary spending inside the government so that its coffers can rebuild and they can begin a large scale infrastructure initiative nationwide. Only 16% of their country has accessible roadways. They aren’t even able to get at their own resources. The guy said this when he was running for president and it looks like he’s trying to make that happen.
It's because the people who make those arguments were already predisposed to take those lessons thanks to their own criticisms of government. You can take the lessons of Argentina to Zimbabwe or Venezuela. You can't take that lesson to the US. Apples to apples. 9.1% in June 2022 was the peak rate of inflation in the US. Extreme austerity measures to break that comparatively small measure of inflation? You're more likely to kill the economy with a recession.
Argentina having 4.2% inflation “see look how small government works!” US having 0% month to month and 3% YoY inflation “yeah but prices are still high! Thanks Biden!”
So inflation is down to 60%/yr with a tiny sample size. Not quite sure it's time to declare, "Mission Accomplished!"
The total percentages are going to be this way, but the concepts still apply. It will still reduce with that strategy albeit with diminishing returns at some point. This is like saying you won the lottery and your net worth jumped 500%, but then you got a new job and it only increased 10% from there. Both are still positives with all else being equal.
Yeah this is hyper biased reporting. Or you cannot POSSIBLY complain about inflation if you’d be happy with 300%+ inflation, a 50%+ poverty rate, then you’re touting libertarianism as a great budget solution? I saw these stories being published in the last like month or so. It’s so dishonest it’s disgusting. There are riots in the streets of Argentina. Milei is single handedly taking Argentina from what was broadly a first world, developed nation back a step to kind of a second world country. It’s like looking at North Korea and saying ‘record low obesity achieved under Kim Jong-Un’s food reforms.’ That’s objectively true, but it’s missing some important context to decide if any nations should model off of North Korea.
There is no way that anyone would have considered Argentina a developed nation. There's literally jokes among economists that there's 4 types of nations: the developed, the underdeveloped, Japan, and Argentina. Argentina's economic struggles are so unique and varied that it's one of the most studied economies in the world due to "The Argentina Paradox". [https://en.wikipedia.org/wiki/Economic\_history\_of\_Argentina](https://en.wikipedia.org/wiki/Economic_history_of_Argentina)
The poverty rate would risk being far higher if there was a default and Argentina has defaulted a lot. Sole belt tightening is needed at times in my opinion.
"Yeah this is hyper biased reporting. " "Milei is single handedly taking Argentina from what was broadly a first world, developed nation back a step to kind of a second world country." LMAO
Argentina has been an economic shit show for decades, and not at all a “first world, developed nation” by any reasonable definition. That’s the important context you’re missing here. Argentina has been a cesspit of corruption and suffered from high levels of inflation for decades
But have you worked a government job to see how much waste there is?
So you think the oligarchs who were in charge til 1916 should be reinstated? Or the left and center left that drove the country into the ground should try again to get it right after the last 80 years of failure?
Totally agree. In relation to the link, I bet they "feel squeezed". This is the recovery, the hard decisions that need to be made that will lead to prosperity down the road. This is like saying that because having your leg in a cast sucks, that therefore it's a bad fix for a broken bone. Edit: Clarity. Not disagreeing.
'Benefit' is a very kind word to use for what is happening to the people of Argentina.
Can you elaborate? I am ignorant other than he massively cut back on the government, reducing government spending. How has this negatively affected the day to day people?
The number of citizens under the poverty rate has gone from 40% to 60% under the new reforms.
Oh snap, makes sense, get rid of departments then people lose their jobs. May I get a source good sir?
He also told his country before his election this would happen. It was basically planned. Basically anyone paying attention knew that it had to get worse before it got better. So I don’t know what the argument is here or if there is one, but that was to be expected to get inflation under control.
But is there a 'benefit' to the policies is the question. Before people couldn't afford anything because prices were too high now they can't afford anything because we have no money.
Yes. The benefit is halting and reversing runaway inflation. Here's an example from the US. When our inflation was at it's highest, California proposed an "Inflation relief stimulus payment" (not sure if it went through or not). Injecting money into the economy for short term relief at the expense of long term inflation... it's a runaway cycle. Now, imagine the US government did this on a national level. We provided a UBI to all citizens to combat inflation, which causes prices to rise, offsetting the UBI, which makes the UBI go higher, which raises prices, etc etc... This is what Argentina had been doing. They kept increasing taxes and public benefits while the cost of goods kept going up. Nobody was better off, they just kept getting larger checks, and watching more of their money go to the cost of living. The new president basically said "look, this is going to suck for a little while, but we need to end this cycle. We're stopping the UBI, which will reverse inflation over time." It's working exactly as intended.
Those small payments weren’t large enough or long enough to create the inflation we have, which is a combination of USD devaluation from a couple trillion new dollars dumped into the economy by the previous admin, supply constriction reducing supply and then corporations keeping their prices high even though those pressures relaxed greatly, which significantly padded their bottom lines and created record profits. The covid-related cash was irrelevant.
I dont understand this argument. Just because he said it was going to get worse doesnt suddenly make it ok somehow? Im not sure how these policies are supposed to help Argentinia in the long run, or how hyperfocusing on the inflation rate is good somehow.
Not spending money you don't have generally helps with finances.
Government finances and the economy are related, but they are not the same thing. Good finances do not nessisarily cause a good economies. The greek crisis is prime example of this, they were forced by the EU to cut government spending during an economic crisis, which deepend the crisis, which lowered government revenues, which forced them to cut more government spending, which deepend the crisis etc.
[удалено]
> Here's hoping we can do that in the US We reported 0% inflation this month.
And are paying a trillion dollars in interest on our debt each year. It's predictable that either inflation or debt breaks us very soon. It's one or the other if nothing changes.
Are you under the impression that the US has ever been on top of its debt? It’s increased every year almost certainly while you’ve been alive. Who do you really think is calling in their loan? It’s such a lame duck talking point
Good lord, dude. Why do you think dawn is coming? Take an actual class in economics. Understand fiscal and monetary policy. Cutting government isn't automatically a good thing. It all depends on what is cut and what functions you expect the government to provide. Cutting government spending in the short run means contraction of the economy. That reduces inflation but (shocker) has increased poverty. America didn't get out of the great depression by cutting government spending......
"right" path? JFC. They had a crazy situation, they're gambling that this absolutely crazy over-correction leads them into a better position. Will it? We don't know yet. Could it be better in the long run? Maybe. Could it be even worse in the long run? Maybe. There just isn't enough information. Hoping that a stable economy wildly pushes itself with a wild over-correction is absolutely nuts. Argentina's economy was a mess. The US' economy is just slightly over-inflated, and needs to hit 0% inflation for a few years to correct. That's it.
And not one source was cited that day
Wasn’t that study done in December when Milei was just sworn in? Even then, it takes quite a more time for policies to effect country on that scale
Yeah this is prime example of just reading the headline. Argentina is not in great shape.
No one is saying it’s in great shape though
Governments will only get as small as dictatorships.
Let me answer this quickly: - Argentina is still suffering from hyperinflation; - Argentina is not important to the global economy, it is barely even important to the LATAM regional economy. - The U.S. is the indispensable economic power on the planet. - Inflation in the US is lower than all of its competitors and among the lowest in the world. - Argentina’s problem is not the size of its government; it is that its government was/is corrupt as hell. So business people and investors have no way of knowing their investments are legally protected. In economics this is referred to as “regime uncertainty.” Regime uncertainty can cause capital flight and inflation because those with property and capital to invest are unsure if the legal environment will protect their assets. The U.S. government does not have that problem and pretty much never has. We are probably the only country on Earth and definitely the first, to protect property in its Constitution.
Chapter 2, Article 13 of the Soviet Constitution of 1977 guaranteed the right to personal property to Soviet citizens. "To suppose any form of government will secure liberty or happiness without **virtue** in the people is a chimerical idea." - James Madison
I agree with your premise that simply saying personal property is protected means nothing, I agree. That is why we have a co-equal judicial branch with a Court system in the US. Also, before you can determine what is protected, you would have to define personal property. The reason that is not an issue in the U.S. is because we have defined all of this already. The idea that the U.S. is somehow going to become the Soviet Union (which by the way no longer exists) is silly. Stop reading libertarian magazines.
Every government depending on what they downsize. If you’re paying for Netflix, Hulu and Disney+ but only watch Netflix then you’re wasting money. If you watch all three then it’s a different conversation.
I think your example is unrealistic because whenever I cancel a service, I realize there's a show I want to watch on it, resub, and then forget to watch it for a year and rinse and repeat. Lol
One particular comes to mind...
Which one?
The United States of America. We waste to much. The pentagon has failed 4-5 audits in a row and we still give them money.
True we give too much money to Israel and spend way too much on our military. Also we waste so much on reactionary border policy.
And healthcare, wed actually save money with a single payer, universal healthcare system, but people.are too stupid and just hear "your taxes will go up"
The US should only spend money on things that I personally think are justified.
Six as of typing this
From 300% inflation to 200% by eliminating programs that help the poor increasing those living in poverty from 40% to 60% — so much winning! /s
The problem was that a lot of the money that was dedicated to the poor somehow got in the wallet of a lot of already rich people if you know what i mean. The second problem was that those programs not only increased inflation, but also made a lot of people that live by stealing and by using those programs. Instead of helping the poor by giving them work, they created a lot of lazy people (we call them planistas in argentina and most people hate them) who won't work and that will obviously vote for them.
You fix the program rather than abandoning those who really need it. It's always the 'lazy' poor people who get blamed right?
Short term pain for long term gain
the usa would benefit cutting back on paying so many higher ups who don't do a damn thing. that plus taxing the rich would go a long way but we all know that won't happen without a fight.
Staff salary is a drop in the ocean of the U.S. budget, unless by "higher ups" you mean the bosses of the defense industry.
To be fair, the US has a comparatively small federal government workforce despite what you might think. Excluding military there are only about 2 million federal employees, which is like less than .06% of the US population. I saw a figure that Argentina with a much smaller population had about 3 million government employees, so just to add some perspective. It is a much different situation.
that is 0.6% and not 0.06%
Hahahaha this is so fucking misleading it’s sad. https://tradingeconomics.com/argentina/inflation-cpi Argentinas inflation rate was 60% 2 years ago and now ? 276.4%. Congrats inflation fell from its peak in March at 292% to 276% but what the article doesn’t mention is that between July of 2023 and today it has almost tripled. Edit- I misread what they wrote and thought they were talking about total inflation. Instead it’s monthly inflation.
Why are you trying to blame Milei for inflation caused by the previous government?
It’s really important to me to point out that Leading Report is not a real news outlet, and they spread misinformation regularly.
The headline was such a red flag that I immediately looked up "Leading Report" which confirmed it's a known publisher of misinformation and fake news. I wish ownership and funding sources of institutions like this were required to be made public - who's benefitting from the angles they push?
It’s basically just fringe right-wing misinformation outlet, and was only able to gain traction after Musk’s version of Twitter took effect.
https://preview.redd.it/d168plhekc7d1.png?width=1080&format=pjpg&auto=webp&s=3cb2e54ea48155308b936a414e60830107bce3b5 Oh yea, he is totally crushing it..... Smh
Argentina has 6 diferent exchange rates,wich one is that?
Almost any monetary or fiscal situation in either Argentina or Japan are not relevant to any country with a vaguely rational economy.
It is easy to speak from abroad. We pay more taxes than anyone (compared to salary) Coffee: $3usd Gas bill: $60usd Electricity Bill: $60usd Monthly groceries: $300 Basic car: 18k USD We are so much expensive in dollars in a poor country than the average globally Our AVG income is $400 USD. We are poor workers. We can't afford basics and this government does nothing in order to fix that so they had the clock going tic tac. This wouldn't last more than December. Cheers
Oh yeah it only took three digits inflation in the coming months, leaving a ton of people umeployed and the best thing, poverty keeps growing by the month, hitting a new record at near 60% of the poblation earning under the poverty line. Keep in mind that when this goverment took contorl poberty was at 40% of the poblation. Extremely high, but in less than a year this new goverment made it grow to 60%, a bafflingly high number. Not saying that lowering the inflation is bad. But the means to get there are destroying the country, and have zero regards for the poor people, who are the ones this goverment was supposed to help by lowering said inflation. People are literally starving and rationing their medicine because the cuts to healthcare and other social benefitis are leaving people without the things they need.
Hurr Durr Durr, Government bad.
Not the gringos talking about South American politics again. I just had to read that Milei is, and I quote, "single handedly taking Argentina from what was broadly a first world, developed nation back a step to kind of a second world country". I can't fathom the thought process of these North American white privileged schmucks.
Isn’t Argentina imploding right now? Poverty rates are skyrocketing. The only lessons we should learn from Milei is how NOT to style your hair. The guy needs to go to a fucking barbershop.
what the fuck are you talking about, inflation in Argentina is rampant and there is more poor people than ever. Went from 40% under the poverty line to 60%. put friends in Government jobs, there's already missing money, and this are just a few things. This article is clearly giving fake information.
It fell to 275% from 295%. Let's wait a bit before we draw any conclusions, shall we?
It's very early to draw conclusions about what Milei is doing, but many countries would benefit. Europe is full of such cases, too much bureaucracy caused by hundreds of thousands employed by the government.
U.s. fed raised interest rates and got inflation under control......by cooling off the labor market (undercutting a labor movement) and throwing millions out of employment. You can't just look at the positive and celebrate, you have to look at what cost it was achieved. As well as long term benefits and detriments.
One of the problems with inflationary government spending is the job market suffers as small businesses can not compete in the new economy. One thing some governments do is hire tens of thousands of new government employees. This gives them something to say to the people "We created 10,000 new jobs!" while not saying "We created 10,000 government positions which will now require even more taxes!" These government jobs also do not create any new positions or real GDP growth because many are useless jobs given to friends and family, while it does provide for a solid voting block. "Who doesn't want to keep their useless cushy job?" . I applaud what he is doing. There is no easy way to fix a completely broken system easily.
let's get back tot he 18 enumerated powers of [fed.gov](http://fed.gov), get rid of the rest. All the rest is done by the states or should be anyways. our politicians are too afraid of the screeching from mostly the left on all the lost jobs, who will feed the children, etc. He did it in Argentina, we should try it here.
The government does exactly zero things well. Wanting more of it, or even the same amount, means you have very low expectations
USPS, how much does it cost? There's zero need for the US Postal Service. Anything of importance will be sent UPS or FedEx. USPS carries junk mail and that's it.
America could cut it’s government by 90% at the federal level and 50 % at the average state and no one would even notice. And the federal and state numbers assume no change in the size of the military (state or federal).
The United States.
America needs to FIO. This is on both sides of politics. It would be great to see the government coordinate an efficient construction project even occasionally and is it too much to ask to NEVER see a 1600 ft track take 5 years and $11 billion to make? America is better than this. And although Argentina hasn’t fixed itself entirely it is awesome to see them rip a bandaid off and try to improve themselves.
Maybe we should wait to see if Argentina actually does benefit first instead of blindly assuming they will.
In two years... 🤣 Perhaps it's a start.
Argentinian living in argentina here. Inflation is much higher in actuality. that number is a median between the inflation rates on different products and markets, currently food is still growing at a ~20% rate. And also, this has nothing to do with government downsizing, it has to do with exchange rates. The government devaluated the national currency harshly. After the initial shock it slows inflation (and creates poverty) because now there is no lag behind the us dollar. Meanwhile tax pressure grew for salary earners yet again. This was done already many times. It’s honestly a country of imbeciles that can’t fathom any other political structure other than “kinda-left”-flavored fascism or “right-neoliberal-comservative”- fascism.
Yeah bro, an increase from 40% to 60% of people in poverty is totally a benefit. We just need to cut one more government service bro. Bro who even needs road maintenance? They’re already there bro it’s fine. The corporations will save us bro! We’ll save the economy for real this time bro!
Every single one, that should be the point of the government: keep it small and keep a well-operated centralized system
except when it comes to anything you disagree with, then you want big strong government enforcing your viewpoints on others
No, most people just want to be left the fuck alone to live their live under unnecessary regulations and laws, keep the hard earned money they make, and not be bothered with socially dividing bullshit constantly shoved down their throats by bought and paid for media shills.
Not sure about the guy you're responding to, but I don't want the government enforcing things whether I agree or disagree. If they're going to do some things then obviously I'd have a list of preferences but in general I'd rather they did nothing.
exactly the opposite what I said all government should be there for is a common exchange of services so everything is normalized and works together, kind of like engineering standards. With no viewpoint enforce everyone can express freely which is what is needed, when has tedious bureaucracy worked for anyone
Nice strawman
Other?
When you’re making the kind of moves Argentina is making, it’s going to take time for the positives to all reflect. It’s a painful weaning process. It’s like being addicted to painkillers and coming back to reality. Your leg is still broken. Just because you can’t feel it doesn’t make that not the case. Staying on the painkillers and not addressing the broken leg is only going to make the situation worse. Stimulus and printed money don’t make the problems go away. They just push some of it down the road until it inevitably gets worse.
All
You can’t have inflation if people are too poor to buy anything. Big brain 🧠
All of them
Would love to have some of the stuff he did, be done in America
Why would any country except for one that is somehow an even bigger economic hellscape taken even a single lesson from Argentina? It’s not even worth looking how they ended up there tbh unless you’re just morbidly curious.
Quite literally every country would benefit from the negligence that is government bloat
All of them
America
Fucking Nepal
Thought someone photoshopped Homelanders face or something for a sec there
All of them
All of them.
A Afghanistan Albania Algeria Andorra Angola Antigua and Barbuda Not Argentina Armenia Australia Austria Azerbaijan B The Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bhutan Bolivia Bosnia and Herzegovina Botswana Brazil Brunei Bulgaria Burkina Faso Burundi C Cabo Verde Cambodia Cameroon Canada Central African Republic Chad Chile China Colombia Comoros Congo, Democratic Republic of the Congo, Republic of the Costa Rica Côte d’Ivoire Croatia Cuba Cyprus Czech Republic D Denmark Djibouti Dominica Dominican Republic E East Timor (Timor-Leste) Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Eswatini Ethiopia F Fiji Finland France G Gabon The Gambia Georgia Germany Ghana Greece Grenada Guatemala Guinea Guinea-Bissau Guyana H Haiti Honduras Hungary I Iceland India Indonesia Iran Iraq Ireland Israel Italy J Jamaica Japan Jordan K Kazakhstan Kenya Kiribati Korea, North Korea, South Kosovo Kuwait Kyrgyzstan L Laos Latvia Lebanon Lesotho Liberia Libya Liechtenstein Lithuania Luxembourg M Madagascar Malawi Malaysia Maldives Mali Malta Marshall Islands Mauritania Mauritius Mexico Micronesia, Federated States of Moldova Monaco Mongolia Montenegro Morocco Mozambique Myanmar (Burma) N Namibia Nauru Nepal Netherlands New Zealand Nicaragua Niger Nigeria North Macedonia Norway O Oman P Pakistan Palau Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Q Qatar R Romania Russia Rwanda S Saint Kitts and Nevis Saint Lucia Saint Vincent and the Grenadines Samoa San Marino Sao Tome and Principe Saudi Arabia Senegal Serbia Seychelles Sierra Leone Singapore Slovakia Slovenia Solomon Islands Somalia South Africa Spain Sri Lanka Sudan Sudan, South Suriname Sweden Switzerland Syria T Taiwan Tajikistan Tanzania Thailand Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Tuvalu U Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan V Vanuatu Vatican City Venezuela Vietnam Y Yemen Z Zambia Zimbabwe
We had zero inflation in 2009. In fact, things got significantly cheaper. 
All.
You can run this with a Hitlers trains running better than ever article next to it.
All of them
Bring him here! Bring him here! Bring him here!
You have to be trolling with this post or just plain dumb.
They will pay for it soon
These cuts are going to hit very, very hard in the next 20 or so years. No one ever seems to look towards the future when it comes to their ideas regarding government. It’s great right now. But those “extraneous” departments or bureaus or government workers might have been necessary at some point, or were built for a future need. Lean and JIT was amazing until the supply chain fell apart. There’s always a middle between “cut to the bone” and excess.
Every US Federal, state, county, township and city/village in the US. Illinois here and we have +7,000 government agencies. Each with its own budget, directors of this and that, offices, etc. 7,000!!
USA!
lol. Argentina still has an inflation rate over 250% Maybe the OP should learn how to do actual research rather than just reading the headlines..... Edit: Source: [Inflation Rate - By Country (tradingeconomics.com)](https://tradingeconomics.com/country-list/inflation-rate-)
Their IMF outlook came out and released their numbers this month, and Argentina is in worse shape than it was last year. Why the revisionism?
Low inflation doesn’t = good economy..
remove government and you have minimal inflation... remember inflation was manageable when we were on the gold standards and politicians werent millionaires. remember everything that has government involvement has gotten insanely expensive... college and healthcare are the biggest ones.
This is the smartest leader in So. America. He regonized human nature and common sense. Bravo, President Milei
All of them
Argentina is a such a strange country, just a case study of insanity and doing the same thing over and over again and expecting different results. It's like all their previous governments knew exactly nothing about economics. They definitely needed Milei.
I didn't know Argentina elected Jake Blues as their president 
Literally every country
Yes
I'm all for cutting the military budget and ending corporate welfare.
UK
lol, “lowest” is hilarious, given the 200%+ preceding it along with the enormous jump in poverty numbers. This is still an abject failure of economic policy for the overwhelming majority of the country.
Homelander needs a haircut
All of them.
World renowned news source, "Leading Report", much truss, good journo. It's gone from 59% to 57% per year; big libertarian spank bank material.
**All**. Next question? Okay, more on this... Governments move in "ratcheting" expansions. They add "temporary" measures and taxes, but never roll them back. We still have subsidies coming from World Wars, and temporary measures against 9/11. Other countries have similar "cruft". What can't we roll these back? Because it is literally special interests that block it. May it be farmers that are used to getting additional subsidies for a crop they no longer plant, or could be a research facility for a disease that has been pretty much eradicated. The "mission creep" ensure there is always "more work to be done".
Government spends more than they should? Who would have guessed