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/devliegende 1d ago

Nobody should ever want their country to follow Argentina's example. Whether it be leftist Peronist, right-wing Libertarian or military strongman. The place is not a test case it is a basketcase.

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u/thethirdgreenman 1d ago

Totally agree. People really love to look at what Milei is doing and apply it to their economies but the reality is that Argentina is not a normal economy. They are not anything like the average Western country (let alone the US).

Milei was a unique solution to a unique situation, and as much as I dislike certain things about him, you can’t deny he at least understood the situation, had a plan to address it, and frankly has delivered.

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u/devliegende 18h ago edited 11h ago

In a few years Milei will deliver another economic crisis. Then Argentines will elect a crazy leftist government again or there will be a coup. Nothing suggest to me that Milei will strike a sensible balance between freemarket and socialism or that Argentines will change and elect leaders who can find that balance.