Milei is already proving the Left-wing economic establishment wrong

[blablarg18]

"Argentina’s reforms prove it’s possible to slash a bloated state"

https://www.telegraph.co.uk/business/2024/05/04/argentina-javier-milei-proving-left-wing-economy-wrong/

President Milei

• devalued peso on day 1...... combined with

• government cuts so harsh, budget was soon balanced

• massive cuts to regulations & restrictions, people free(r) to produce

Results:

• inflation crashes from 300% to 11%, likewise interest rates

• peso, at devalued level, is stable or even kind of "hard"

• rents go down, yes DOWN - abolishing rent control brought housing onto market - more people housed

• lib parasites, out of work tho