“Argentina was on the brink of collapse. These measures are not easy, but they are necessary to save our nation.”
Argentine President Javier Milei, a libertarian, came into office with a promise of slashing inflation and cutting massive numbers of government jobs. These economic reforms have been effective. 30,000 government jobs have been removed and monthly inflation has gone from a whopping 25% to 2.7%. This has sparked debate in the country, but the numbers are pretty staggering.
Government subsidies have also gone the way of the dinosaur under Milei’s leadership as he’s engaged in deregulating markets, as well. It has been fiscal discipline, say supporters, while detractors claim he is “prioritzing austerity over social welfare,” writes the EconoTimes. There have been complaints and protests, and 30,000 is not a small number of people to plunge into unemployment. It is, however, what was promised when he took office, to much fanfare from supporters.
However, a year after his win, Reuters reports that…
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