Wait so, is this a conjob to later try to switch the country over to some cryptocoin, or was that the stated goal the whole time?
I genuinely feel bad for Argentinians, but jesus christ never put an AnCap in charge of a state.
Milei has been pretty open about their policies… Unfortunately Argentina’s economy is a dumpster fire and neoliberal asshats have been driving it further into the ground. You can think of Argentina’s election of Milei as a hail mary… But an extremely I’ll advised one.
When you’re desperate even insane radical change can seem better than the status quo.
insane radical changes
-stop printing worthless paper money bills
-cut useless government spending on extremely corrupt practices that permeate all public spending in the country to save money
-reduce spending as the previous economy ministry/presidential candidate left the country reserves in ruins spending 15 thousand millions USD in only 6 months just to try to buy the campaign and still lost.
-rebuild the country’s monetary reserves by auditing spend.
Wow the insanity
neoliberal asshats
No you got that wrong. The neoliberal asshats are trying to fix it.
Just like how they sre tryingbto fix it in the US? Neoliberalism isnt the cure for late-stage capitalism. It’s the cause
Good ol’ anarcho-capitalism solving everything!
Argentina’s annual inflation rate sped past 211% in December
He only assumed office in December. I think he is a whacko but expecting him to have a major change in inflation immediately is a bit ridiculous, don’t you think?
He took measures in his first days that produced rises in both food and fuel, two of the biggest components of inflation. You think that may have influenced or not? I mean…
FOOD and fuel is DOWN as of this week with a lottttt. Rents too, open market has given farmers the chance to bring product to market direct!! No more government interference in pricing of those things! Freedom!
YOU GUYS DONT KNOW HOW BAD IT WAS!
LOLOLOLOL
They don’t see it
DOWNVOTE ME WHAT YOU WANT BUT HERE’S A SOURCE varias semanas de subida en el precio de la carne como consecuencia de las fiestas navideñas, con alzas de hasta el 50%, muchas carnicerías empezaron a aplicar rebajas del 20% y 25% en los últimos días para adaptarse a la menor demanda posterior. Y lo mismo está sucediendo con el resto de productos estacionales, propios de estas fechas tan señaladas, como es el caso de sidras, turrones o dulces, entre otros. El mercado se adapta a la demanda de los consumidores y baja precios con el fin de dar salida al stock acumulado.
Lolololololololol
Please tell us all how bad it was, and not is, you dumb fuck.
He’d been in power just few weeks. Where you live is PRIVILEGED
I would also vote left if in Europe or us
But in south America the left got into the narco boat. And also steal from gov funds and projects. So basically do what right wing does in Europe.
No more ridiculous than banning gatherings of more than 3 people or arresting people and making them pay for your jackboot gestapo
Yes ridiculous. Now you want the list of EVEN MORE RIDICULOUS THINGS that the communist corrupt horrible 100-200%-inflation for a decade - people did?
Or did YOUR SOURCE ONLY MENTION what you wrote?
Hey, screamy mc bitch face, heard he’s stripping abortions and shit now. Hows those scary communist laws feeling?
In a few years when he refuses to leave office, I’ll message you and laugh my ass off, fascy.
ALL OF SOUTH AMERICA IS BEING DESTROYED BY NARCO COMMUNISM AND YOU WHINE ABOUT WHAT? IT’S A VERY CATHOLIC COUNTRY TOO…
You do NOT live here so go suck Cuba ruzzia Venezuela
Just my prediction a couple of months ago: https://lemmy.ca/comment/5086774 (post was from last November or so …)
Looks like my guess is tracking so far. Still… 21 months to go until 500%.
You got it extremely wrong. Current annual inflation rate is 211%
If the guy takes it to 150%, he gets reelected
All Major economic newsletters consultants predicted extremely high values for December, like iprofesional, they were aiming for December inflation number to be 50%. El crónista, 35 % and up. Many banks going from BBVA to Santander, 40% and up.
Having 25.5% is actually amazingly good results with the car wreck the guy got.