In Argentina, President Javier Milei's economic policies have sparked significant public unrest and debate. Milei's team, optimistic about the future, projects a rapid decrease in the monthly inflation rate, contrasting with broader analyst expectations. Despite these economic measures, Milei's decision to cut funding to the nation's free public universities has led to widespread protests, with about 800 thousand people demonstrating. Critics argue that the government spends excessively in other areas, such as the military, highlighted by a $600 million expenditure on military planes, while cutting essential educational funding in a country experiencing a 270% inflation rate. Additionally, Milei's initial plans to stabilize the economy included devaluing the Peso by 50% and a controversial stance against dollarization, which he later abandoned.
"Javier Milei Fuels Wild Rally That Makes Peso No. 1 in World" via @Bloomberg @Business https://t.co/9wPnwLLL8O
Argentina is readying a new instrument to allow companies to send dividends abroad, a first step to lift a cobweb of restrictions in its foreign-exchange market https://t.co/a6YMJWre8i
Capitalism works https://t.co/Um5pqaLaUO
Economic freedom works https://t.co/Um5pqaLaUO
#ARGWatch🇦🇷: @carod2015, distinguished professor emeritus at @UCEMA_edu, on Pres. @JMilei: "[Milei] says that he is not going to dollarize. He left that plan aside when he got rid of [Emilio] Ocampo...
#ARGWatch: @carod2015, distinguished professor emeritus at @UCEMA_edu, on Pres. @JMilei: "[Milei] says that he is not going to dollarize. He left that plan aside when he got rid of [Emilio] Ocampo...
Javier Milei Fuels Wild Rally That Makes Peso No. 1 in World https://t.co/aZzrSB2WN8
Javier Milei vs. the Status Quo | Octavio Bermudez Unsurprisingly, Javier Milei’s free-market and antistate initiatives face opposition in Argentina. Whether he is successful depends on his being able to politically outlast his collectivist opposition. https://t.co/gzlC4CFbk3
Javier Milei Sparks Wild Rally That Makes Peso No. 1 in World https://t.co/V8XzDuoWXC "Big bangs" are typically good policy if the can be sustained politically. Worked for Poland and Greece, but there was a lot of pain.
"Four months into office, Argentine President Javier Milei has pulled off a critical feat in a country long ravaged by runaway inflation: He stabilized the currency." 👀 https://t.co/Yivfo07NkR https://t.co/rF6CXnOBYh
#ARGWatch🇦🇷: Argentina registers the WORLD'S 3RD HIGHEST INFLATION RATE at 138%/yr on the #HankeInflationDashboard. Pres. @JMilei, Inflation will continue to SOAR until you OFFICIALLY DOLLARIZE. https://t.co/KYFz0CAsQO
🇦🇷Protests broke out against Argentine President J. Milley. I support this Mrs 😊 https://t.co/VqtoNxIlCB
Argentina’s central bank cuts its key interest rate for the fourth time since Javier Milei took office as officials bet on a sustained slowdown in inflation https://t.co/TtDrDtUgGK
Four months into office, Argentine President Javier Milei has pulled off a critical feat in a country long ravaged by runaway inflation: He stabilized the currency https://t.co/KG3tiyu2iG
Argentine President Javier Miley, in the spirit of true liberalism, wants to deprive Argentines of free education, which he believes is a manifestation of state repression. About 800 thousand people came out to protest against the lifting of repression. https://t.co/1bD4l5skVJ
#EgyptWatch🇪🇬: In Egypt, the name of the game is SKY-HIGH INFLATION, MOUNTAINS OF DEBT, & RAMPANT CORRUPTION. On this week's #HankeInflationDashboard, Egypt registers the WORLD'S 8th HIGHEST INFLATION RATE at 68%/yr. https://t.co/FWIJT7cnoz
President of Argentina Milei's economics team travels to China to renegotiate the Chinese SWAP credit https://t.co/ei2YDeotVb
Milei is setting himself up to be the savior of Argentina. https://t.co/U55Vxy4tcX
Javier Milei has the perfect response. https://t.co/Yf8SLolUcy https://t.co/Obpz8f7xBl
Protest against Javier Milei 🇦🇷 If anyone understands what she’s saying, please translate below: 👇 https://t.co/bTBDbyBFnv
Upon taking office, Milei’s plan was to devalue the Peso by 50% setting it closer to the U.S. currency’s value on the parallel retail market. It’s how the Austrian School quells triple digit inflation. He told everyone this would happen but Tits McGee doesn’t understand economics https://t.co/NXsGrZnRcK
🇦🇷‼️🚨 SUBBED: Protests against Milei’s reforms break out! “They buy used military planes for $600,000 but have no money for canteens.” What do you think? https://t.co/8WTp65BZoY
BREAKING: 🇦🇷Protests broke out against Argentine President Millay. “They guy used military planes for $600 million but have no money for canteens.” - one of the Protestants says https://t.co/va77Q2cj9c
🇦🇷‼️🚨 SUBBED: Protests against Milei’s reforms break out! “They guy used military planes for $600 million but have no money for canteens.” What do you think? https://t.co/nlSHyhspzx
Argentina's new government is trying to defund the public university system. There were massive marches across the country with thousands of people rejecting the gutting of our public education. We reject a for-profit education system that serves as a funnel for perpetual debt. https://t.co/33HecLILTP https://t.co/luqOXIWG2G
#FromTheSouth News Bits | Hours before the university marches in Argentina, President Javier Milei addressed the nation regarding the cuts he will implement in this sector. https://t.co/HZPPYpWFaG
#ARGWatch🇦🇷: On Hanke’s 2023 Annual Misery Index, Argentina ranks as the MOST MISERABLE COUNTRY IN THE LATIN AMERICA & CARIBBEAN REGION AND THE WORLD. No shocker there. Since taking office, @JMilei has failed to dollarize and inflation has soared. https://t.co/1B60l05tGB
#HankeInflationDashboard: This week's top 5 inflaters: 1.🇿🇼Zimbabwe (2,485%/yr) 2.🇸🇩Sudan (143%/yr) 3.🇦🇷Argentina (138%/yr) 4.🇸🇾Syria (101%/yr) 5.🇨🇺Cuba (95%/yr) https://t.co/0Wr6e4NCLb
Big protests in Argentina yesterday over massive funding cuts to public universities, which are free. But only 11 European countries have similar system — and none of them have 270% inflation. Should Milei cut elsewhere? If so, where? Emblematic of tough decisions facing society https://t.co/XTmzYgrdDI
Javier Milei’s economic team sees monthly inflation slowing much faster than analysts anticipate, a rare insight into his advisers’ projections as he tries to pull Argentina out of crisis. https://t.co/H2lGqCAAgr