Argentina reports its first single-digit inflation in 6 months
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- เผยแพร่เมื่อ 13 พ.ค. 2024
- Argentina’s monthly inflation rate eased sharply to a single-digit rate in April for the first time in half a year, data released Tuesday showed, a closely watched indicator that bolsters President Javier Milei’s severe austerity program aimed at fixing the country’s troubled economy. Read more: bit.ly/3K1gGnb
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CHAINSAW MAN IS RIGHT..!!
The chainsaw man is right? He only supports cronyism capitalism. Not capitalism in general.
People have a hard time accepting that to curb inflation, the supply of money circulating the economy must decrease and that inevitably means a lot less spending and a slow down in the economy. It hurts but it must be done.
that teacher trying to rationalize why she was wrong is hilarious
She fails to realize that they SHOULD only buy the basics, and not overspend on garbage you don't need which leads to massive debt.
Isn't milei supposed to be making people less impoverished? Pointing out that people are worse off after abruptly slashing government programs is a completely legitimate critique.
@@youtubecruiser6819 Argentina suffers from impoverished conditions because its inflation was wildly out of control and inflation is the most pervasive tax on lower incomes brackets you can have, as evidence by how hard it's been on our own low income bracket even at far milder numbers. You have to clean away rotting flesh to promote healing, and that's essentially what Milei is doing. He's cutting away socialized industries that are protected and propped up not by their own viability, but by government protections... which require printing money constantly to maintain them because they are not self sustaining... thus causing runaway inflation and impoverished conditions.
Once inflation is under control and basic supply and demand capitalism replaces socialized systems, it's going to spur massive investment and you're going to see an explosion in quality of living, particularly for the "impoverished". That's been the story of capitalism for the last century.
That's why Milei is courting the US and UN. He is clearing away the state protected refuse to make room for foreign investment from international businesses. And what happens when you get international businesses investing in your country? Your quality of life explodes for the middle and lower class.... see China, Indonesia, Malaysia, Thailand, etc
The reason I pointed out the teacher is because it was her parties policies that created wildly escalating inflation in the first place. And like most "leftists", even when presented with irrefutable evidence that her policies are the cause of her own malady(inflation), she has to rationalize that she's not at fault.
@@youtubecruiser6819 No, he said it's gonna get worse before it gets better.
For one, the enormous debt takes time to impact the economy. It still lingers for about a year or more.
Second, he is stopping the debt cycle. Meaning money will feel tight for a while.
Imagine someone who is in debt that keeps putting that debt on credit cards making the problem worse. Milei is basically stopping the debt cycle. So in the example it means this person won't be able to spend the debt, but it also means the problem of exponential debt goes away. Short term pain, long term gain.
They have 70+ years of insane interest.
The US will have the same problem soon, our debt interest (money thrown away) is now higher than our military budget and social expenditures.
@@brandoncomer6492 capitalism has had a lot of state involvement in its history and when austerity was introduced and regulations laxed, things got worse. The US is a great example. That's not a testament to the power of libertarian free markets. Let's see how things turn out in the next few months
Milei is awesome! Congratulations! ¡Grande Milei!!
Long live freedom, educate your children and yourself on Austrian economics and private property and natural law. THE FOUNDERS KNEW WHAT THEY WERE DOING!
Where is the reporting?
I don’t care for Javier Milei ! However, in reality you have to be fair Argentina similar to the United States is flooded with corruption for years. Milei does need time to clean up the mess. But, try telling a person on an empty stomach to be patient.
Right. Many won’t understand but the Argentine people have to pay the price for previous governments’ mistakes.
They voted them in to begin with, but nobody thinks long term, just immediate benefits. Hoping the people realize that slow and steady will win this race.
We’re happy for Milei & most importantly, for the people of Argentina 🇦🇷 Best wishes from the USA 🇺🇸
This AP reporter thinks the old saying "no pain, no gain" somehow doesn't/shouldn't apply to everyone.
👏🏻👏🏻👏🏻👏🏻👏🏻🇦🇷🇦🇷🇦🇷🇦🇷🇦🇷🦁🦁🦁🦁🦁🧉🧉🧉🧉🍾🥂🎉 Let's go Milei! Let's go Lions !!!
How is economic stability to be achieved if a long-term plan can't be seen through completion?
Inflation? Afuera
🇧🇷 Argentina fora do caminho da Venezuela.😊
AFUERA LA INFLATION
You are using US dollar as currency
then it should be where US dollar inflation should be
Grande Milei
Price isn't going down yet because you don't have the supply chain taken over by the free market yet
Realistically people will start feeling the incredible progress only after 3-5yrs in
1-2yrs that is still re-calibration stage for Argentina and it's far from equitable/fair distribution (not the goal anyways)
Proud of you Argentina, trust the process. It won't even take long to see the progress
Its only the socialist complaining
How is inflation measure in Argentina? Do they leave food, energy, and housing out of those statistic like America does?
No. Usually when socialist start taking over the economy they just make up numbers to hide failures. Socialism is literally a giant Ponzi scheme.
Madlad did it
Milei is right 👍
Here in the US we have greedflation and shrinkflation.
So you’re telling me those corporations weren’t greedy during the Trump years when inflation was low? Give me a break
He's doing way better than Joe Biden
Not true People are dying because prices keep climbing!
Prices keep climbing but more slower.
@@1videodahatr375 that is correct. the inflation has not been reversed but has been slowed down. Some people think everything comes down to their opinion.
No es verdad. ¡Vamos Milei!
Can't expect immediate results. Believing those lies is what got Argentina in this mess in the first place.
It has reached the peak. No one has any more money to spend.
Argentina is doomed.
I only support capitalism in general. Not the cronyism capitalism like Javier Milei imposes in Argentina. Anarcho-capitalism is cronyism capitalism.