Argentina is a beautiful example of what happens when a freedom loving President is elected and allowed to do what he promised to do.
On Tuesday, Breitbart reported:
Argentina’s poverty rate dropped from 52.9 percent to 38.1 percent during the second half of 2024, according to new data by the National Institute of Statistics and Census of Argentina (INDEC).
Local outlets reported that INDEC, a decentralized entity within the Argentine Economic Ministry, observed a nationwide decrease in poverty and indigence (extreme poverty) rates during the last six months of 2024. During that time period, poverty fell 14.8 percentage points and 8.2 percent of the population was documented living below the extreme poverty line.
Argentina’s Radio Mitre stated that the government of President Javier Milei managed to improve the country’s situation in comparison to 2023, the last year of the disastrous socialist administration of former president and suspected domestic abuser Alberto Fernández. According to INDEC’s report, there are roughly 18 million Argentines living in conditions of poverty.
The article concludes:
Upon taking office in December 2023 as Argentina’s first libertarian President, Milei began implementing a series of “shock therapy” economic measures to help avert a collapse of the nation’s economy after the administration of Alberto Fernández pushed Argentina to the brink of complete economic ruin.
Milei’s policies successfully lowered Argentina’s runaway inflation. In January, Argentina logged its lowest inflation rates in five years, going from 25.5 percent at the start of Milei’s administration to 2.2 percent that month. In February, the inflation rate in Argentina was measured at 2.4 percent. INDEC is expected to release March’s inflation rate report in mid-April.
America could be enjoying the same financial blessings if the courts would get out of the way.