So Milei won and did what the previous governments didn’t want to do: cut spending. He got inflation under control by sacrificing big chunks of society.
Shit, you’re right. I later said inflation is down and though you were referring to this part. Missed that sentence, sorry. Yeah, inflation is down but they are definitely not out of the woods yet. Deflationary processes tend to be volatile and no one knows which way it will go yet. On one hand it would be nice for all of it to collapse so we have another proof that right with populism doesn’t work. On the other hand Argentinian people could really use a break.
Do you think 32.6% inflation isn’t high?
I think 3-4% is usually considered healthy for growth. They’re at 10x that.
I think it’s lower than 300%. Isn’t it?
32% isn’t even close to “under control” my dude
Read the previous comments. Check who said it’s “under control”. Reply to that person.
You literally did:
That’s a direct quote from you.
Shit, you’re right. I later said inflation is down and though you were referring to this part. Missed that sentence, sorry. Yeah, inflation is down but they are definitely not out of the woods yet. Deflationary processes tend to be volatile and no one knows which way it will go yet. On one hand it would be nice for all of it to collapse so we have another proof that right with populism doesn’t work. On the other hand Argentinian people could really use a break.