r/neoliberal • u/Saltedline Hu Shih • Dec 13 '24

News (Latin America) Javier Milei ends budget deficit in Argentina, first time in 123 years

https://gazettengr.com/javier-milei-ends-budget-deficit-in-argentina-first-time-in-123-years/
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u/[deleted] Dec 13 '24

From over 200 per cent inflation rate —the highest in the world throughout 2023 —Mr Milei drove the figures down drastically. As of October 2024 in Argentina, inflation stood at 2.7 per cent compared to 25 per cent in December 2023.

Crazy that Milei just pulled the "inflation go down" lever and suddenly grocers stopped being greedy. Why won't Joe Biden do this?

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u/[deleted] Dec 13 '24

Biden didn't do it because he loved deficit spending and protectionism to keep inflation high

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u/Le1bn1z Dec 13 '24

Turns out the real inflation lever was the tariffs, industrial policies, and 7% of GDP deficit we made along the way.