Its almost like government spending is directly tied to inflation.
The inflation rate in Argentina has fallen for its 5th straight month:
25.5% when Milei took over. 4.2% now. pic.twitter.com/6UF52UnbYe
— End Wokeness (@EndWokeness) June 14, 2024
They actually came up with the idea that lowering inflation is bad because people consume less. I kid you not, that’s the Narrative they were going.
If you want something even more idiotic, last year, they said we ( Argentina ) were better off than Germany, because Germany’s inflation duplicated ( something from 2% to 4% ), meanwhile ours just went a bit up in comparison, yes, they are this stupid.
NEW: 🇦🇷 Javier Milei aims to implement a currency competition system within Argentina and pass a law to imprison anyone printing money to cover government spending 👀
— Bitcoin News (@BitcoinNewsCom) February 26, 2024
Javier Milei’s “Miracle Turnaround” in Argentina.
He brought annualized inflation down by 80%.
He turned a monster budget deficit into a durable surplus.
He slashed government spending, vote-buying subsidies, and cancelled crony contracts.
The final challenge is bringing… pic.twitter.com/sZQjA5Jd1T
— Peter St Onge, Ph.D. (@profstonge) May 23, 2024