Posted on 12/26/2024 12:17:23 PM PST by E. Pluribus Unum
Argentina’s President Javier Milei had plenty to celebrate at the end of his first year in office. Often seen waving a chainsaw during his presidential election campaign last year, Milei, a supporter of free markets and limited government, told the crowd: “Today, with pride and hope, I can tell you that we have passed the test of fire. We are leaving the desert, the recession is over, and our country has finally begun to grow.”
Over the past year, Milei has single-handedly eliminated 10 of Argentina’s 18 government agencies altogether, fired 34,000 government workers, and cut government spending by one-third. The country’s economy, which shrank by 3.5 percent this year, is on target to grow by 5 percent in 2025.
Inflation, which was running at nearly 30 percent per month prior to Milei’s election, has settled down to less than three percent. And further reductions are likely, as the country’s treasury is enjoying surpluses for the first time in years.
Investors have enjoyed a ride, with the Argentinian stock market skyrocketing an astonishing 66 percent just since Milei’s inauguration.
And his citizens have enjoyed significant tangible economic benefits as well. Thanks to the elimination of more than 330 federal regulations (including eliminating rent controls), the price of clothing has dropped by 20 percent and the cost of home appliances has dropped by a third. For the first time in years, wage growth has exceeded the rate of inflation.
Public opinion polls reflect the new optimism. Gallup’s December poll reported that more than four in 10 Argentinians say that the economy is getting better, up from just one in four a year ago, and more than half say that their own personal standard of living is improving, too.
(Excerpt) Read more at thenewamerican.com ...
YES!!!
"Would you like fries with that? Here is the form you need to fill out in triplicate."
I hope so.
No
Trump is not president of a basket case
No
Trump is not president of a basket case
Does a bear cr@@p in the woods....?
MAGA = Make Argentina Great Again
Not only would they not be a drain on the economy but would be forced to actually produce something and pay tax on it. It’s not just the government cost reduction but the increased productivity brings in more tax receipts.
“””Milei has single-handedly eliminated 10 of Argentina’s 18 government agencies altogether, fired 34,000 government workers, and cut government spending by one-third....”””
Looks good. I remember visiting Buenos Aires and it seemed that all of the highrise office buildings were housing government agencies. I rarely saw a building where a private corporation had its name on the door or building.
“””It would be so sweet watching all overpaid federal employees forced to seek gainful employment.”””
I just read a story about USA farmers who are concerned that Trump is going to remove non-citizen farm workers.
Thus, it would be even sweeter watching these overpaid federal employees being forced to pick fruit or vegetable on American farms.
Was Thatcher a model for Reagan?
It is a model for Trump, but too many Americans lack the understanding of how it benefits the US. Those Americans in questions have to suffer from communism before they come to an understanding of the benefits of such a system.
I look forward to the collapse of the DC area real estate market.
+Is Melei’s success a model for Trump?”
Melei is a good model for every left-wing country.
Who do we fire first….??? Border Patrol ?? The Military ????
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