UN Milei Ends Argentina’s Deficit After 123 Years - Milei’s leadership style is proving effective: “According to opinion polls, he remains a popular president, despite having implemented one of the most radical austerity programs ever recorded.”

When Javier Milei was elected president of Argentina in 2023, many believed the nation was headed toward disaster. A libertarian economist and TV personality who claimed to take telepathic advice from his five cloned English mastiffs, Milei also described himself as an “anarchocapitalist” and “tantric sex guru.” He also advocated for the legalization of organ sales, the unrestricted ownership of firearms and the dismantling of the central bank.

Yet, “El Loco”—The Madman, as his countrymen call him— accomplished the unimaginable: Argentina’s fiscal deficit was eliminated for the first time in 123 years.

In December 2024, Argentina emerged from the severe recession it entered in late 2023. Also, annual inflation is down from near 300% last April to nearly 100% (or about 2.5% monthly).

“Milei’s government has achieved what many consider a miracle in terms of cutting down inflation and stabilizing the economy and the US dollar’s price, two long-standing Argentinian traumas,” says Juan Pablo Ferrero of the Department of Politics, Languages and International Studies at the University of Bath. “These are notable accomplishments upon which Milei is now basing his political success.”

Milei’s actions have also made Argentina expensive, Ferrero observes. Local and labor-intensive industries are struggling.

“Is this development model sustainable without a strong and dynamic industrial sector? So far, Milei’s approach seems to rely heavily on agro-exports, mining, and the sale of gas and oil,” Ferrero argues. The risks include the reprimarization of the economy, with the middle class paying the price.

Yet, Ferrero concedes, against many predictions, Milei’s leadership style is proving effective: “According to opinion polls, he remains a popular president, despite having implemented one of the most radical austerity programs ever recorded.”

Figures show that the economic recovery has not translated into better living conditions for many, with the country’s poverty rate jumping to 53% in the first half of 2024, an 11-point increase. Experts caution that Milei’s charisma isn’t enough. He will soon need to deliver broad and substantial growth that improves Argentinians’ living conditions if he wants to succeed in the 2025 mid-term elections.

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[Anime Waifu NFT collector]

Some corrections:
1. He doesn't take telepathic advice from his dogs, that's something journalists paid by the opposition made up, they also said that he fucks his sister.
2. The poverty rate is not 53%, it's 39%, it went up at the start of the first year (due to the previous government fault) and now it went down to the previous level, and it keeps getting lower each month.
3. The "industrial growth" idea achieved by tariffs and regulations is both ideological rather than rational and it's a way to ensure that Argentinian industry owners become rich by selling us bad products at inflated prices, it doesn't benefit us since there is zero correlation between a country being open to trade and unemployment.

 

[MarvinTheParanoidAndroid]

*Laughs in Libertarian*

 

[YouGuysAren'tThatSmart]

So, Argentina is being propped up as the new 1st world nation the faggot Jews will run too, after they've caused the complete collapse of America and they get expelled?

 

[MarvinTheParanoidAndroid]

So, Argentina is being propped up as the new 1st world nation the faggot Jews will run too, after they've caused the complete collapse of America and they get expelled?

Why wouldn't they just go to Israel?

 

[glue eater]

Redditxisters, did we get too cocky? /r/politics told he's a dumb Trumper who will ruin the economy.

 

[Corette]

He doesn't take telepathic advice from his dogs

This is the most alarming news I've read today.

 

[Daddy's Little Kitten]

The title makes it seem like it took him 123 years to end inflation.

 

[frozen_runner]

Leftoids absolutely seething that he didn't achieve this by more government spending

 

[Zertes]

The "industrial growth" idea achieved by tariffs and regulations is both ideological rather than rational and it's a way to ensure that Argentinian industry owners become rich by selling us bad products and inflated prices, it doesn't benefit us since there is zero correlation between a country being open to trade and unemployment.

Hope you enjoy desindustrialization and foreign capital extraction. Surely this won't lead to resentment that will put the Peronists back in power long term, like workers put Protectionist Trump in power.

Neoliberalism will finally totally work this time politically in Latin America and will definitely not create a Populist backlash that will be exploited by the Left

 

[Juan But Not Forgotten]

Also, annual inflation is down from near 300% last April to nearly 100% (or about 2.5% monthly).

"Patient was losing a limb every month, this process stopped after 4 months, making the cure effective"

 

[wtfNeedSignUp]

Argentina is weird. It's where a ton of Nazis fled to post ww2. It became a commie economic time bomb. And now a Jew is making steps to have it be a functioning capitalist country again.

 

[Necrosan]

Argentina is weird. It's where a ton of Nazis fled to post ww2. It became a commie economic time bomb. And now a Jew is making steps to have it be a functioning capitalist country again.

Maybe they found the one Jew who asked "...but what if we don't fuck up our host country?"

There is also the possibility that it's just him putting up the theatrics so the Jews themselves won't make a stink about antisemitism, like: "Ok, ok, I'll touch the fucking wall for a picture, now leave me alone".

 

[Ahriman]

So, Argentina is being propped up as the new 1st world nation the faggot Jews will run too, after they've caused the complete collapse of America and they get expelled?

No they won't. First of all, it's written in our National Constitution that our country is Roman Catholic. So he can LARP as a moishe as much as he wants, not even him can change that.

Secondly, we are aligned with the US of A, but we do our own thing.

Other than that, yea this is fantastic news and the lefties here are beyond seething, they ran out of excuses to prop themselves up - because every single bad decision we have had to endure for decades, was their fault. Which makes it even more hilarious when they try to pin something on Milei. The guy is speedrunning the unfucking of our economy and so far he is exceedingly successful at it.

 

[YouGuysAren'tThatSmart]

Why wouldn't they just go to Israel?

Can't make it too obvious. Oh look all the assholes that have been wrecking our economy have just upped and left to Isreal, the nation that has recieved the most foreing aid from us since the inception of foreign aid, and there's been a massive spike in "antisemitism" since October 7th. They ru. Away to Argentina, retards will just think they're just trying to flee to a nation that has just started to boom, and look no Jews here, just Argentinians and the scared billionairs that fled for their lives because of hatred for their wealth.

 

[Ahriman]

Maybe they found the one Jew who asked "...but what if we don't fuck up our host country?"

There is also the possibility that it's just him putting up the theatrics so the Jews themselves won't make a stink about antisemitism, like: "Ok, ok, I'll touch the fucking wall for a picture, now leave me alone".

This is also something that a few people has been considering. It's all posturing so as to get the yids out of our way. Obviously we can't neither confirm it nor deny it, but if he is... it's a certified 5D intergalactic chess move and I applaud him for it.

 

[TowinKarz]

Only a commie/liberal/progressive could think spending less than you make is a

radical austerity program

 

[Mister Ferro]

Milei’s actions have also made Argentina expensive, Ferrero observes. Local and labor-intensive industries are struggling.

This idiot is trying to say that the people weren't struggling under 300% inflation.

 

[Fount of BadSpeak]

I don't think what he is doing is sustainable, but credit where credit is due, he is getting results right now and I have to say I am somewhat impressed. We will see if they can keep this up long term.

 

[Seventh Star]

Neoliberalism will finally totally work this time politically in Latin America and will definitely not create a Populist backlash that will be exploited by the Left

This is libertarianism, not neoliberalism.