/biz/ - Business & Finance

>>58604834
>Argentina's monthly inflation slowed down to 13.2% in February, compared to 20.6% in January and 25.5% in December.[127] Argentina's dollar-denominated international bonds meanwhile reached new highs in March, with the 2029 and 2030 issues close to or at record high prices. The bonds have rallied from lows that took the 2030 issue to 18.125 cents in July 2022, fueled by investor bets that the cabinet of Milei, will be able to successfully transform the Argentine economy.[128]
>According to a February 2024 study by the Pontifical Catholic University of Argentina, the poverty rate in January 2024 climbed to 57%, which has been partly attributed to Milei's devaluation of Argentina's currency.[129]
>Milei promotes capitalism or free enterprise, and strongly opposes state-imposed communism and socialism. In a TEDx presentation that went viral on social media in February 2019, Milei presented what he described as "a love story" about capitalism, arguing how capitalism and the free market have lifted people out of poverty.
>A video in which Milei physically removes cards with ministry names from a wallboard and tosses them into the air has gone viral. In the video, he declares: "The state is not the solution. It is the problem."[25]
>Milei has criticized the Central Bank of Argentina,[31][32] describing it as "one of the greatest thieves in the history of mankind."[33] He said: "Central banks are divided in four categories: the bad ones, like the Federal Reserve, the very bad ones, like the ones in Latin America, the horribly bad ones, and the Central Bank of Argentina."[33] He advocates for the eventual dismantling of the Central Bank to allow citizens to freely choose their monetary systems.
>Milei articulates a critical view of the role of the state in economic matters, calling it "the greatest enemy of wealth". He asserts that an enlarged state, funded by taxes, can result in reduced real wages.
What's Ryry's angle, bros?

Good morning, frens. Remember to stay comfy and zen. No dates; just up.

Disbelievers, trolls and shills have no substantive arguments; pay them no mind. The leadership, the data, the fundamentals, and the long-term vision are unfuddable.

Good morning, frens. Remember to stay comfy and zen. No dates; just up.

Disbelievers, trolls and shills have no substantive arguments; pay them no mind.