Buenos Aires, Argentina — Thousands took to the streets of Argentina in the past few days to protest a series of economic decrees proposed by President Javier Milei. On December 20, Milei announced sweeping deregulations to Argentina’s economy, sparking backlash from opposition members and groups representing unemployed people. Riot police were dispatched at major protest […]
Here’s one bit of context. Under the other candidate, the one this guy Milei ran against, who was the economic minister of the previous government, in September inflation reached 124%.
In case you were wondering why Milei won.
You also need to know the bigger history of Argentina’s last century of economic decline.
Argentina is taught as a case study in undergraduate economics courses in ‘how not to manage an economy’.
RIP Argentina. I don’t know the situation that led to this, but man, that sounds real, real bad for the average Argentine people.
Here’s one bit of context. Under the other candidate, the one this guy Milei ran against, who was the economic minister of the previous government, in September inflation reached 124%.
In case you were wondering why Milei won.
You also need to know the bigger history of Argentina’s last century of economic decline.
Argentina is taught as a case study in undergraduate economics courses in ‘how not to manage an economy’.
The Economist have a good video on the current crisis (Why is Argentina’s economy such a mess? ) and this one about the broader trend since the 1900s/10s.