Javier Milei lowers Argentina’s monthly inflation below 2% for first time since 2020

[Dont Taz Me Bro]

President Javier Milei’s sweeping austerity and deregulation measures have rapidly stabilized Argentina’s economy. Recall he was widely criticized by the left for his reforms and massive cuts to government regulations and services.

In less than 2 years Argentina's President, Javier Milei has achieved: Quashed inflation- Balanced the budget- Lowered taxes- Record-low crime- Aligned Argentina with the U.S. and Israel- Saved Venezuelan political dissidents- Increased economic growth to 8% annualized. The market works when government gets out of the way.

Client Challenge

 

[shockedcanadian]

President Javier Milei’s sweeping austerity and deregulation measures have rapidly stabilized Argentina’s economy. Recall he was widely criticized by the left for his reforms and massive cuts to government regulations and services.

In less than 2 years Argentina's President, Javier Milei has achieved: Quashed inflation- Balanced the budget- Lowered taxes- Record-low crime- Aligned Argentina with the U.S. and Israel- Saved Venezuelan political dissidents- Increased economic growth to 8% annualized. The market works when government gets out of the way.

Client Challenge

“If you analyze it I believe the very heart and soul of conservatism is libertarianism. I think conservatism is really a misnomer just as liberalism is a misnomer for the liberals — if we were back in the days of the Revolution, so-called conservatives today would be the Liberals and the liberals would be the Tories. The basis of conservatism is a desire for less government interference or less centralized authority or more individual freedom and this is a pretty general description also of what libertarianism is.”- the great Ronald Reagan​

 

[Dont Taz Me Bro]

 

[JLW]

The US should not base its financial policies on a third world basket case economy.

There is a massive difference between our economy and Argentina’s, if you haven’t noticed.

 

[Meister]

The US should not base its financial policies on a third world basket case economy.

There is a massive difference between our economy and Argentina’s, if you haven’t noticed.

If you haven't noticed, inflation has come down quite rapidly since Trump took office.
But thanks for your economic opinion.

 

[CrusaderFrank]

President Javier Milei’s sweeping austerity and deregulation measures have rapidly stabilized Argentina’s economy. Recall he was widely criticized by the left for his reforms and massive cuts to government regulations and services.

In less than 2 years Argentina's President, Javier Milei has achieved: Quashed inflation- Balanced the budget- Lowered taxes- Record-low crime- Aligned Argentina with the U.S. and Israel- Saved Venezuelan political dissidents- Increased economic growth to 8% annualized. The market works when government gets out of the way.

Client Challenge

Id trade the entire Administration AND Congress for Milei as US President

 

[CrusaderFrank]

They probably approved of the AutoPen Administrations "Inflation Reduction" Act

 

[Moonglow]

If you haven't noticed, inflation has come down quite rapidly since Trump took office.
But thanks for your economic opinion.

Yes, when yer orders for export are cancelled, it does cause deflation...and a drop in the GDP

In the first quarter of 2025, the U.S. GDP experienced a decrease, marking the first such drop in three years. Specifically, the Bureau of Economic Analysis reported a 0.3% annualized decrease in real GDP for the January-to-March period, a significant shift from the 2.4% increase in the fourth quarter of 2024. This decline has raised concerns about a potential recession, although a recession is officially determined by the National Bureau of Economic Research based on several factors beyond just GDP numbers.

Here's a more detailed breakdown:

• First Quarter Decline:
  The U.S. GDP fell by 0.3% in the first quarter of 2025, according to the Bureau of Economic Analysis (BEA).
  
  
• Compared to Previous Quarter:
  This decline contrasts sharply with the 2.4% growth seen in the final quarter of 2024.
  
  
• Recession Concerns:
  While a drop in GDP is a key indicator, the NBER, the official arbiter of recessions, considers other factors like the depth, duration, and diffusion of economic decline.
  
  
• Factors Influencing the Decline:
  The decrease was partly due to an increase in imports and a decrease in government spending, though these were partially offset by increases in investment, consumer spending, and exports.
  
  
• Consumer Spending Slowdown:
  CNN reports that consumer spending, a major driver of the economy, slowed to 1.8% in the first quarter, down from 4% in the previous quarter.
  
  
• Trump's Tariffs:
  Some analysts suggest the decline may be related to the impact of Trump's tariffs and the subsequent import surge to avoid them.

 

[Moonglow]

If you haven't noticed, inflation has come down quite rapidly since Trump took office.
But thanks for your economic opinion.

Gasoline is still the same.

 

[Meister]

Gasoline is still the same.

Where you live, but where you live it never went up, remember.
Gas prices has fallen in my area. I think across the border in Wa. they rose.
That's because of the additives, and July 1st. it will rise even more because
of higher state gas tax. go figure, it's a liberal state.

 

[Meister]

Yes, when yer orders for export are cancelled, it does cause deflation...and a drop in the GDP

In the first quarter of 2025, the U.S. GDP experienced a decrease, marking the first such drop in three years. Specifically, the Bureau of Economic Analysis reported a 0.3% annualized decrease in real GDP for the January-to-March period, a significant shift from the 2.4% increase in the fourth quarter of 2024. This decline has raised concerns about a potential recession, although a recession is officially determined by the National Bureau of Economic Research based on several factors beyond just GDP numbers.

Here's a more detailed breakdown:

• First Quarter Decline:
  The U.S. GDP fell by 0.3% in the first quarter of 2025, according to the Bureau of Economic Analysis (BEA).
  
  
• Compared to Previous Quarter:
  This decline contrasts sharply with the 2.4% growth seen in the final quarter of 2024.
  
  
• Recession Concerns:
  While a drop in GDP is a key indicator, the NBER, the official arbiter of recessions, considers other factors like the depth, duration, and diffusion of economic decline.
  
  
• Factors Influencing the Decline:
  The decrease was partly due to an increase in imports and a decrease in government spending, though these were partially offset by increases in investment, consumer spending, and exports.
  
  
• Consumer Spending Slowdown:
  CNN reports that consumer spending, a major driver of the economy, slowed to 1.8% in the first quarter, down from 4% in the previous quarter.
  
  
• Trump's Tariffs:
  Some analysts suggest the decline may be related to the impact of Trump's tariffs and the subsequent import surge to avoid them.

Stay tuned, Trump's economy just needs to shake out the unknowns, like the tariff scare.
Less government spending is actually a good thing.