Someone in Lemmy.world is constantly posting pro-Milei propaganda, but I find it hard to believe this is the one time in the world Libertarian policies actually work after we've tried it before and it's backfired every time. Not sure if this is the right community, but I could use some counter propaganda help.

Can anyone explain what's happening in Argentina? Are things improving? Is he actually a secret genius? If not, why? If so, is it because of their economic policies or something else?

Some excerpts from the comments (seems to be two guys who love him in there) that sound convincing as someone who doesn't know enough about their economy:

After a 49% poverty left by the previous government. So a tick of 4% after that is almost nothing

People voted him for a reason

Argentina only has 32% inflation, what a success! Indeed, from 211% annual inflation to 107%? Astonishing success

It's 2.7% a month, which puts the inflation at 32%. And that's still the lowest it's been since 2021.

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[–] infuziSporg@hexbear.net 1 points 8 months ago

Regression to the mean is a very normal thing to happen after a big crash like what happened in the first several months of the new administration.

They can blame it on predecessors all they like, but the sharp plummet shows a lot of individual agency.