Posted on 05/18/2024 1:13:13 PM PDT by Libloather
President Javier Milei of Argentina continues to stun his critics with an economy that has outperformed expectations and continues along an ambitious path for national security, including pursuit of a NATO global partnership.
"The fact that you have a president, head of state, who is defending the free market, who is defending the role of entrepreneurs and businessmen as creators of value and just defending deregulation when the tendency in Latin America and much of the West has been to regulate the economy . . . I think that's very positive, not only for Argentina, but for the region as a whole and maybe beyond," Daniel Raisbeck, a policy analyst at the CATO Institute, told Fox News Digital.
Milei won the presidency in November last year and prompted concern from some in the West that he would lead his country down a road to ruin with libertarian policies that would make an already troubled economy even weaker. Voters wanted economic relief from a market hit with some of the highest inflation in the world.
Those attitudes have shifted just months later as Milei has enacted a raft of policy changes: The International Monetary Fund (IMF) agreed to release a tranche of loans due to Argentina under a bailout program thanks to Milei’s government managing to create a fiscal surplus in the previous fiscal quarter and bring inflation down.
Argentina’s inflation in March alone hit 287%, causing poverty to deepen, and citizens to take to the streets with strikes and protests against his policies. The monthly inflation rate was 25% in December when Milei first took office.
Milei then went on to significantly reduce spending with major cuts to public-sector wages as he suspended public works projects and cut subsidies. He also devalued the country’s currency by over 50%...
(Excerpt) Read more at foxnews.com ...
Well stated.
The press ALWAYS levels these turn around s a “miracle”. How odd.
I guess we do it because the other guy does it & it’s sure making a mess of things. But at this point, WHY IS Russia concerning itself in Argentina. When it was the Soviet Union, yes, it was trying to spread Marxism. But now?
What exactly is Russia doing in Argentina that is sowing chaos?
Secondly, why should I care?
II’m pretty sure you are correct in your belief... I’m banking on it.
This is a good thing?
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