An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Friday, February 23, 2024
Argentina Economy Shrank in December by Most Since Pandemic
“Oh sheeeeeeeeeeit!”…. 😂😂😂
Argentina’s economy contracted more than expected in December as newly elected President Milei put in motion shock austerity measures https://t.co/HHMFKEqo1v
This is the tradeoff. Inflation or economic contraction. Borrowing in other people's money. That's the real mistake Argentina has been making for so long.
He should go Full Austrian...
ReplyDeleteThis is the tradeoff. Inflation or economic contraction. Borrowing in other people's money. That's the real mistake Argentina has been making for so long.
ReplyDelete