Milei's Economic Miracle: From Deficit to Surplus in Argentina

The policies of Argentine President Javier Milei have pulled the country out of recession, reducing the poverty rate from 55% to 38.9% and accelerating job growth. The Bank of Spain acknowledged that Milei's adjustment plan improved Argentina's financial variables, highlighting cuts in public spending that reduced inflation from 25% to 2.2%.

Milei stabilized the dollar and transformed the fiscal deficit into a surplus. He cut public spending to historically low levels and liberalized the rental market, doubling the housing supply and reducing rents by 20%.

The Bank of Spain praised the flexibility of the labor market and the law that favors investment but warned that more fiscal reforms are needed. José Luis Escrivá criticized Milei's proposals, calling them extreme right and contrary to citizens' rights.

"Perhaps the next step is to replace the Argentine peso with bitcoins and solve all problems with a simple click. After all, who needs traditional economic policies when one can rely on the volatility of cryptocurrencies to ensure financial stability?"

Source: The Daily Digest

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