Argentine friends report to EIR that in the week since President Javier Milei has taken office, basic economic markers have gone off the charts. What the government refers to as “repressed inflation” is hyperinflation revealed in the 3,500% annual inflation rate, which in its view, justifies the imposition of
If only there were other countries who tried out austerity before Argentina. Then the voters and Milei would have an idea of how this would play out.
/s