Zambia and Malawi are facing severe inflation crises, with Zambia's inflation rate measured at 43% per year, three times higher than the official rate, attributed to monetary mismanagement by Bank of Zambia Gov. Dr. Denny Kalyalya. Malawi's inflation is at 41% per year, with Reserve Bank of Malawi Gov. Wilson Banda unable to control the money supply, which is surging at around 39% per year. In contrast, Argentina, under President Javier Milei, has achieved a balanced budget for the first time in over a decade by freezing spending at 2023 levels and cutting many agency budgets by over 50% in real terms. However, Argentina's poverty level has reached a 20-year high at 57.4%, and the inflation rate measured daily is at 199% per year. Experts argue that without moves to dollarize, Argentina's return to a model of freedom and prosperity will be out of reach.
Javier Milei’s Argentine success is paving the way for freedom and prosperity across Latin America https://t.co/jfDm8myWZr vía @nypost
Argentina’s poverty level rises to 57.4%, marking 20-year high https://t.co/CB6svXZROl
#ARGWatch🇦🇷: The Cato Institute's @DanielRaisbeck: "Without moves to dollarize soon, a lasting return to the model of freedom which Milei was elected to restore will become out of reach." Spot on. Before it's too late, @JMilei needs to DOLLARIZE. https://t.co/ehHYM3ceu7
#ColombiaWatch🇨🇴: Colombia's National Administrative Department of Statistics measures Jan. 2024 inflation at 8.35%/yr. That official rate is RUBBISH. Today, I measure Colombia's inflation at a CRIPPLING 46%/yr - ~ 5.5x HIGHER than the official rate. https://t.co/JkIlVud8kX
#ARGWatch🇦🇷: From my latest w/ @DanielaCambone: "The inflation rate which I measure every day in Argentina is 199%/yr. So, if Milei doesn't get that down, he's basically toast." By delaying his promise to dollarize and SMASH inflation, @JMilei will be DOOMED.…
⚠️ POVERTY IN ARGENTINA HITS 20-YEAR HIGH AT 57.4%, STUDY SAYS Full Story → https://t.co/uqEurUz6XF Poverty levels in Argentina hit 57.4% in January, the highest in at least 20 years, according to a report by the Catholic University of Argentina (UCA) cited by local media on… https://t.co/YWc0tRBhC6
Poverty in Argentina hits 20-year high at 57.4%, study says https://t.co/8EF2uZZeA8 https://t.co/x95qFmK2e3
⚠️ POVERTY IN ARGENTINA HITS 20-YEAR HIGH AT 57.4%, STUDY SAYS Full Story → https://t.co/uqEurUz6XF https://t.co/Tq1juHmX2W
BREAKING: Argentine President Javier Milei has fulfilled another of his campaign promises. Argentina achieved a balanced budget in January for the first time in over a decade. It was done by cutting many agency budgets by over 50% in real terms. Via @DanielDiMartino https://t.co/xG5q0m0IiE
In practice, Argentine president Javier Milei’s ideas reflect the limited government policies long advocated by the scholars at the @CatoInstitute. The circumstances are different, but the principles are the same. https://t.co/r9rMb2lNms https://t.co/C4vIBK42jX
Argentina has a balanced budget for the first time in over a decade 💯 https://t.co/cfWvcKQJYF
#MalawiWatch🇲🇼: Reserve Bank of Malawi Gov. Wilson Banda has been unable to control Malawi's money supply (M2). It continues to SURGE at ~39%/yr. And as night follows day, inflation surges too. Today, I accurately measure Malawi's inflation at a PUNISHING 41%/yr. https://t.co/mGAazj3Q8O
Where is our Milei? He is needed here to rescue the US from fiscal insolvency. https://t.co/HnpeR3gifp
https://t.co/GFYyUVZSJa Nigeria’s currency has fallen to a record low as inflation surges. How did things get so bad?
BREAKING NEWS: Argentina achieved a balanced budget in January for the first time in over a decade. President @JMilei achieved it without congressional action by freezing spending at 2023 levels, cutting many agency budgets by over 50% in real terms. https://t.co/4FavlbDzp0
Nigeria’s Headline Inflation Increases as Central Bank Intensifies Foreign Exchange Controls #inflation #depreciation #foreignexchange https://t.co/QjznJaGKC4
Nigerians are facing one of the West African nation's worst economic crises in years triggered by surging inflation, the result of monetary policies that have pushed the currency to an all-time low against the dollar. The situation has provoked anger... https://t.co/P9nhCM7E1I
Despite promising changes on the economic front, there are still reasons to be wary of Milei. https://t.co/5p4Acpt60k
#ZambiaWatch🇿🇲: Bank of Zambia Gov. Dr. Kalyalya has been unable to control Zambia’s money supply (M3), which continues to SURGE at ~26%/yr. As night follows day, today, I accurately measure Zambia’s inflation at a PUNISHING 43%/yr -- 3x higher than the official RUBBISH rate. https://t.co/8oyLWEb2Rj
#ZambiaWatch🇿🇲: Zambia's inflation is RED HOT. Today, I accurately measure Zambia’s inflation at a PUNISHING 43%/yr -- 3x higher than the official RUBBISH rate. Bank of Zambia Gov. Dr. Denny Kalyalya = MONETARY MISMANAGEMENT. https://t.co/WsLqU6ssHG