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Argentina Sees First Monthly Budget Surplus in 12 Years

20 pointsby _____kover 1 year ago

3 comments

verticalscalerover 1 year ago
From the article:<p><pre><code> &quot;January was the first full month in office for Milei, a far-right libertarian who took office in December, and it ended with a positive balance for public-sector finances of $589 million at the official exchange rate, the government said late Friday.&quot; </code></pre> He isn&#x27;t a far-right anything and this phrasing taints the article and subsequent discussion. I urge commentators to please not project your domestic politics into one of the weirdest countries in the world. Especially if you have never been there.<p>After spending some months exploring that place and interacting with all manner of folks &quot;There are 4 kind of economies: developed, undeveloped, Japan and Argentina&quot; is one of the truest things I&#x27;ve ever heard in my life. It just doesn&#x27;t map to anything you&#x27;re familiar with.<p>The system there is extremely broken and corrupt and has been since before you were born. It is going through a chaotic reset. They might dollarize. I think they should and definitely wish them the best.<p>Completely orthogonal to social policies I know many on this website might have a problem with.
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tangusover 1 year ago
On the other hand, poverty is now estimated at 57%.
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lurking15over 1 year ago
Great to see libertarians cleaning up the failed societies of socialists