In Argentina, President Javier Milei has screwed the economy up so badly he needs a $20 billion bailout. That’s because his “free market” economics don’t actually work.

In Argentina, President Javier Milei has screwed the economy up so badly he needs a $20 billion bailout. That’s because his “free market” economics don’t actually work.

  • FaceDeer@fedia.io
    108·
    3 days ago

    And Argentina’s hyperinflation is way down. Argentina had 112% inflation previously. Economies are complicated and you can have good things happening alongside bad things, for various reasons.

    • cygnus@lemmy.caEnglish
      112·
      3 days ago

      Inflation is arguably down mostly because of austerity measures which have not addressed any fundamental problems, only kicked them down the road.