Where is @NJPSU to tell us "we need more socialism", and capitalists are destroying capitalism because it is in their best interest to do so?
https://www.city-journal.org/article/argentina-president-javier-milei-economy-inflation
Just over a year ago, Javier Milei, the eccentric, chainsaw-wielding libertarian economist, won the presidency in Argentina against a backdrop of soaring inflation and rising poverty. Since taking office, Milei has aggressively pursued a free-market program of fiscal austerity and deregulation. This approach contrasts strongly with Perónism, the strongly interventionist economic ideology followed by most Argentine presidents since its namesake, Juan Perón, rose to power in 1946.
Milei’s critics, including prominent economists such as Thomas Piketty, warned that his agenda would prove catastrophic. Though Argentina still faces severe economic challenges, Milei has largely proven these doubters wrong and achieved several victories worth celebrating.
Monthly inflation has fallen sharply since Milei took office. Rising prices have been a recurring problem in Argentine history, with the government frequently turning to the central bank to print money to finance its excesses. Unlike many of his predecessors, Milei has reduced federal spending (by 28 percent) and cut the number of federal ministries in half.
https://www.city-journal.org/article/argentina-president-javier-milei-economy-inflation
Just over a year ago, Javier Milei, the eccentric, chainsaw-wielding libertarian economist, won the presidency in Argentina against a backdrop of soaring inflation and rising poverty. Since taking office, Milei has aggressively pursued a free-market program of fiscal austerity and deregulation. This approach contrasts strongly with Perónism, the strongly interventionist economic ideology followed by most Argentine presidents since its namesake, Juan Perón, rose to power in 1946.
Milei’s critics, including prominent economists such as Thomas Piketty, warned that his agenda would prove catastrophic. Though Argentina still faces severe economic challenges, Milei has largely proven these doubters wrong and achieved several victories worth celebrating.
Monthly inflation has fallen sharply since Milei took office. Rising prices have been a recurring problem in Argentine history, with the government frequently turning to the central bank to print money to finance its excesses. Unlike many of his predecessors, Milei has reduced federal spending (by 28 percent) and cut the number of federal ministries in half.
