Preliminary Milei Report Card - by Scott Alexander

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According to right-wing sources, he’s doing amazing, inflation is vanquished, and Argentina is on the road to First World status. According to left-wing sources, he’s devastating the country, inflation has ballooned, and Argentina is mired in unprecedented dire poverty. I was confused enough to investigate further. Going through various topics in more depth: When Milei was elected, Argentina went from constant deficits to almost unprecedented government surplus, and has continued to run a surplus for the past six months. This wasn’t fancy macroeconomic magic. Milei just cut government spending: He eliminated 9 of 18 government ministries, including the Ministry of Culture and the Ministry of Women, Gender, and Diversity. He laid off 24,000 government workers (and hopes to increase that to 70,000). He cut fuel subsidies (paywalled link) He may have cut (or at least not increased, which given inflation levels is an effective cut) funding for universities, which now complain they have no

Preliminary Milei Report Card ... Scott Alexander Oct 01, 2024 485 465 26 Share How is Javier Milei, the new-ish libertarian president of Argentina doing? According to right-wing sources , he’s doing amazing, inflation is vanquished , and Argentina is on the road to First World status. According to left-wing sources , he’s devastating the country, inflation has ballooned , and Argentina is mired in unprecedented dire poverty . I was confused enough to investigate further. Going through various topics in more depth: 1: Government Surplus When Milei was elected, Argentina went from constant defi

Preliminary Milei Report Card - by Scott Alexander

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