Milei's plan: there's no inflation if people don't have money.
Small catch: inflation is a lagging indicator, so after everyone starved to death, couple of quarters later inflation will go down. #success
this post was submitted on 23 Feb 2024
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Small catch, people didn't have any money before Milei
Of COURSE it's working. When the desire is to cut spending regardless of outcome, the results are always certain.
Annual inflation has hit 254 percent and since Milei ripped away hefty transport and fuel subsidies the price of bus tickets has more than tripled.
"Now I know what it's like to walk," 42-year-old domestic worker Yanina Salto told AFP, who used to take four trips a day to get between jobs.
The cost of medicine has soared over 300 percent year-on-year.
While the government decreed a 30 percent salary increase by March, this is far less than the 85 percent demanded by labor unions -- and the walk-outs are mounting.
On Wednesday, train drivers downed tools, and on Thursday healthcare workers across the public and private sector went on strike, with only hospital emergency rooms expected to function.
Teachers have called a strike for the start of school next week, and the country's main CGT union is debating another general nationwide walkout.
Great success!