3 ms·

Argentina's Javier Milei lost the markets and turned to Donald Trump

12 points by doener 1y ago

cs702 1y ago
I take it that indiscriminately cutting government spending "with a chainsaw"[a] didn't work like he expected. Sigh. [a] https://apnews.com/article/milei-argentina-chainsaw-fed35a37c6137b951e4adada3d866436 https://apnews.com/article/milei-argentina-chainsaw-fed35a37...
- deleted 1y ago
  [deleted]
- gnasr 1y ago
  https://www.bloomberg.com/news/articles/2025-09-25/poverty-in-argentina-falls-to-lowest-level-since-2018 https://www.bloomberg.com/news/articles/2025-09-25/poverty-i...
doener 1y ago
“The problem with libertarianism is that you eventually run out of other people's money.”
gnasr 1y ago
the problem is that the congress is controlled by the oposition who only wants to come back to power, all the deep reforms that milei sent to the congress were cancelled last week. Its not that the chainsaw didnt work, it seems that fp does not understand argentine politics or doesnt want to. Its not intellectually honest
- FridayoLeary 1y ago
  It's blindingly obvious except to the wilfully ignorant that in order for argentina to survive milei or someone like him must succeed. The same thing is true with totally different circumstances for El salvador. A less severe version of this problem is being faced by trump. He's being forced to rely on ambitious growth forecasts to justify his One big beautiful bill and increasing the deficit because of political considerations. I actually have sympathy for Elon Musks frustration.
FridayoLeary 1y ago
The socialist policies were ruining the country so much that taking any other course of action would be suicide. He's actually doing a great job in restoring sanity but unfortunately that takes time. In this case it's the currency controls which artificially makes the peso more valuable against the dollar. It's an awful way to hide how badly you are actually doing. But apparently it was politically impossible for him to deal with it until now. His mistake was of course not doing so earlier. He is an odd fellow for sure but labeling him as a delusional libertarian is very unfair.

12 points by doener 1y ago

I take it that indiscriminately cutting government spending "with a chainsaw"[a] didn't work like he expected. Sigh. [a] https://apnews.com/article/milei-argentina-chainsaw-fed35a37c6137b951e4adada3d866436 https://apnews.com/article/milei-argentina-chainsaw-fed35a37...

deleted 1y ago
[deleted]
gnasr 1y ago
https://www.bloomberg.com/news/articles/2025-09-25/poverty-in-argentina-falls-to-lowest-level-since-2018 https://www.bloomberg.com/news/articles/2025-09-25/poverty-i...

doener 1y ago

“The problem with libertarianism is that you eventually run out of other people's money.”

gnasr 1y ago

the problem is that the congress is controlled by the oposition who only wants to come back to power, all the deep reforms that milei sent to the congress were cancelled last week. Its not that the chainsaw didnt work, it seems that fp does not understand argentine politics or doesnt want to. Its not intellectually honest

FridayoLeary 1y ago
It's blindingly obvious except to the wilfully ignorant that in order for argentina to survive milei or someone like him must succeed. The same thing is true with totally different circumstances for El salvador. A less severe version of this problem is being faced by trump. He's being forced to rely on ambitious growth forecasts to justify his One big beautiful bill and increasing the deficit because of political considerations. I actually have sympathy for Elon Musks frustration.

FridayoLeary 1y ago

The socialist policies were ruining the country so much that taking any other course of action would be suicide. He's actually doing a great job in restoring sanity but unfortunately that takes time. In this case it's the currency controls which artificially makes the peso more valuable against the dollar. It's an awful way to hide how badly you are actually doing. But apparently it was politically impossible for him to deal with it until now. His mistake was of course not doing so earlier. He is an odd fellow for sure but labeling him as a delusional libertarian is very unfair.