ECONOMICS: Lesson from Argentina — Cut Gooferment 60% and inflation goes from 70+% to 2.7%

Friday, November 22, 2024

https://www.dailywire.com/news/javier-milei-staunch-economist-brings-argentinas-inflation-to-less-than-3

Javier Milei, Staunch Economist, Brings Argentina’s Inflation To Less Than 3%
‘We are emerging from the desert, the country is starting to grow again’
By Hank Berrien
Nov 13, 2024 DailyWire.com

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Staunchly libertarian Argentinian President Javier Milei’s economic plans are proving enormously successful, as the country’s inflation plunged to 2.7% in October, the lowest level in three years.

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n 2022, the Argentinian inflation rate was 72.43%. Barrons reported that when Milei took office last December, “monthly inflation leapt by 25.5 percent after he devalued the peso by more than 50 percent. It has since been on a downward trajectory, coming in at under five percent each month since May. … Milei, who wielded a chainsaw on the campaign trail last year as a symbol of his plan to slash public spending, has cut energy and transport subsidies and thousands of public sector jobs.”

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Hopefully DJT4547 is watching this success.

We can only hope.

There are so many great ideas floating about.  Someone once said, Regan I think, that a President can only try to accomplish three things.  I hope world peace, immigration, the Federal deficit / debt / inflation, and making elections like Florida are DJT4547’s three.  Yeah I know that’s four, but what’s one more when you have a mandate.

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