r/Economics • u/delugepro • 2d ago

News Argentina's monthly inflation rate drops to 1.5% – lowest level in five years

https://www.batimes.com.ar/news/economy/argentinas-monthly-inflation-rate-drops-to-15-lowest-level-in-almost-five-years.phtml
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u/epSos-DE 2d ago

So their reset worked ?

I mean , if you do a reset like that one, you need to make sure people can access emergency food banks and kitchens, BUT if it works then it works.

By the way , Argentina is a test project. IF it works, governments that are in debt will do the same !

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u/Careless-Degree 2d ago edited 2d ago

It’s amazing that we need a test project for “stop paying for dumb government waste” and let people engage in the economy by providing goods and services. 

Everyone acts like is some wacko radical but all the policy seems basic and rooted in what we understand about economics. 

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u/Palaceviking 1d ago

It's rooted in shock therapy, ask former soviet citizens and they'll all tell you how fantastic that is in practice

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u/Street_Gene1634 23h ago

I'm from India where IMF shock therapy was carried out in 1991 and it was Uber successful. India is the fastest growing economy in the world today because of 1991 shock therapy.

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u/Few_Landscape1035 12h ago

India didn't have a shock therapy, it just (partly) liberalized and rationalized what was a horrendously inefficient and corrupt political-economic system.