Milei’s economic reforms under pressure

[MilHojas]

Milei’s economic reforms under pressure

Argentine president’s radical plan to transform the country is proving painful as the economy stagnates, weighed down by austerity and tight monetary policy

www.ft.com

 

[Ries]

libertarian economic policies have never worked in real life in anyplace they have been tried.
austerity has also been an economic failure worldwide.

no surprises here.

 

[carride]

He is doing well for himself traveling the world to attend far-right rallies, and collecting false awards. Hedging his bets so that he can continue to prosper as an TikTok influencer in the case that his argentina fanatics fail to give him their vote.

Milei, an eccentric political outsider, has shown little sympathy. He has described the widespread complaint that “people can’t make it to the end of the month” as “colossal stupidity”

and dismissed the suggestion that a record 6mn people are failing to repay household debts, saying “no one put a gun to their head” to take out loans. Corruption scandals involving his team have eroded the anti-graft credentials that underpinned his early political brand.

 

[LuckyLuke]

I saw an interesting interview the other night that spoke of Milei being a reactionary tool to remove the disastrous incumbent administration, reduce inflation and "clean house". The speaker went on to say that now that his purpose has been achieved in the eyes of the general populace, he too will be replaced.

 

[Ries]

I saw an interesting interview the other night that spoke of Milei being a reactionary tool to remove the disastrous incumbent administration, reduce inflation and "clean house". The speaker went on to say that now that his purpose has been achieved in the eyes of the general populace, he too will be replaced.

the pendulum is much more common in politics than the guillotine.