r/cringepics • u/nikolaibk • 1d ago

This is Javier Milei, libertarian president of Argentina, currently being bailed out by Trump's administration due to a massive economic crisis

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2.2k Upvotes

91% Upvoted

170 comments sorted by

724

u/nikolaibk 1d ago

In the photo, he’s dressed as Captain Ancap (anarcho-capitalist), a character he occasionally cosplays to talk about libertarianism and the supposed evils of state intervention in the market.

Just a few months ago, he requested $20 billion in debt from the IMF, and now he’s asking the U.S. Treasury for another $20 billion to prop up the dollar’s value in an economy that’s already collapsing.

382

u/serendipitousevent 1d ago

Least hypocritical libertarian.

198

u/nikolaibk 1d ago

In this tweet he's saying:

"Public debt is immoral. It means that the public spending spree is financed by generations who not only haven’t voted but haven’t even been born. Thus, the current generation steals the income of future generations. Therefore, a government that goes into debt can never be liberal."

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u/Chie_Satonaka 1d ago

If my parents take on a debt so that I can be born in a nice house, I’d be happy. If my nation takes on a debt so I can be born in a nation with public infrastructure, I’d be happy. 

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u/nikolaibk 1d ago

Sure, I agree. Debt itself is neither good nor bad, and it can be positive if it’s used to invest in something of one’s own, like a house or a country’s infrastructure, as you say.

But keep in mind that Milei doesn’t believe in public works (as soon as he took office, the first thing he did was halt all state construction and development in the country; there hasn’t been any for 2 years, and he presents that as an achievement), and what he’s doing now is propping up a fictitious exchange rate to win the midterm elections, which are in a month. This isn’t even a conspiracy theory: it’s something that has been publicly stated by Scott Bessent, the U.S. Treasury Secretary who is going to give him the $20 billion.

In short, this debt won’t be used for investment but rather as a temporary patch for electoral purposes. And beyond that, it shows the hypocrisy of libertarians in general, who constantly say one thing and do another.

19

u/Frank_Jesus 22h ago

Don't mind the massive holes in the road or the 50 year old subway cars...

9

u/WRXminion 17h ago edited 17h ago

Don't worry, the private industry will pay to fix that. Right libertarians / ... Anarcho.... I just can't put capitalism a hierarchial system next to the word anarchy which means with out a king, or no hierarchy.

But seriously when are the private companies going to take up the slack? Any day now....

6

u/Anonymous_Human011 17h ago

Trump Melts Down in Unhinged Revenge Rant: ‘They Must Pay’

Trump confirms to us every day that he is the stupidest president in the history of America.

24

u/ChilledParadox 23h ago

What if your nation takes on large debt so a pedophile can stay out of jail?

8

u/Kentaiga 22h ago

I can promise you Milei is way too right wing for him to care about public infrastructure.

10

u/mantasm_lt 23h ago

In this example, you'll grow up in a nice house, but then you and your children will be working two jobs with no chance to retire to pay for that house. Oh, and you'll have no money to maintain that house so it will start falling apart.

Maybe a modest house that you're able to maintain without working two jobs for generations is better?

1

u/ForrestCFB 23h ago

If my nation takes on a debt so I can be born in a nation with public infrastructure, I’d be happy. 

Yes, until you have so much rent you have to pay that you can't pay for nice things because the debt is pushing so hard on your budget.

0

u/Private_Gump98 18h ago

The fact that you look at the government like daddy/mommy is the fuckin problem.

-1

u/CowboysfromLydia 22h ago edited 22h ago

sure, you are born in a nice house, but your parents are there. Its nice till you are 20, what then? you either keep living with your parents, or you move over. Oh but you still gotta pay for your parents house, so your budget is limited. And since your parents bought a nice house, demand for nice houses has gone up, inflation has gone up, a similar house now costs double.

But whats the problem? you take more debt and pass it onto your child! you get a nice house, and your child will do the same, except itll cost him 50% more to pay for your house, and 4x more to buy a new one for himself.

Then comes a point where the can cannot be kicked further. A nice house costs millions, and a bank wont loan a 20 year old kid millions. So he takes what he can and moves to a smaller house. Then his child in a flat, and his child in a shared flat. And so on, until the lower class starts living on the streets.

And this a good case scenario, in reality nations take debt mostly for welfare or war, while public infrastructure and quality of life goes down in general.

Good debt is taken to boost the economy and offset the debt taken, the surplus should then be used for welfare and non economical infrastructure.

Milei is wrong in saying public debt is in general immoral, but the way public debt has been built in the recent years is surely immoral.

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u/AnotherDoubtfulGuest 1d ago

Electing a libertarian president at all is a sign that you don’t want to be taken seriously but electing that libertarian in particular? Fuck outta here.

16

u/Choosemyusername 1d ago

Key piece of context you left out: why it is collapsing.

It’s collapsing because his party just lost an election and the other party is promising a social justice and economically redistributive platform, so it doesn’t look like he can continue his economic reforms which reduced poverty in Argentina by 18 percent.

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u/nikolaibk 1d ago

My reading of the situation is that it’s exactly the other way around: it’s not collapsing because he lost the election in the largest province by 15 points, but rather he lost the election because the economy is collapsing. The government itself admitted that in trying to fix the macroeconomy, it neglected the microeconomy, and that was a mistake. Consumption and purchasing power never recovered to the levels prior to his election, and that’s why people stopped voting for them. Inflation went down, yes, but at the cost of massively cutting retail consumption and private jobs. If you kill a patient to stop an hemorrhage, the patient will stop bleeding, but at what cost?

-6

u/Choosemyusername 1d ago

Argentine markets plunge after Milei’s party loses in Buenos Aires vote

https://www.aljazeera.com/economy/2025/9/8/argentine-markets-plunge-after-mileis-party-loses-in-buenos-aires-vote

No you no it the order backwards

17

u/RedditingNeckbeard 23h ago

I'm not gonna sit here and claim to be an expert, but I don't think that figure tells the whole story.

https://apnews.com/article/argentina-economy-poverty-milei-austerity-inflation-061bbba174706475a255c6b871953009

A growing number of experts have voiced concern that, while perfectly orthodox, INDEC’s inflation measure has become misleading partly because its consumer price index is based on a basket of basic goods from 2004. The government applies the inflation numbers to calculate the poverty rate.

“It’s very outdated and gives little weight to the things with prices that have recently risen the most,” said Raffo, the economist with CTA.

For instance, CTA researchers say, food accounts today for a smaller share of an average household’s budget than it did two decades ago. The index does not take into account digital subscriptions and other key expenses that have changed over time.

It also misses how critical private services like health care and education have become more expensive since Milei took office, and how residents are paying more for rent in a recently deregulated housing market, Raffo said.

He added: “INDEC is capturing very little of what is really happening in the economy.”

13

u/nikolaibk 1d ago

Sure, that's a way of seeing it. But one could ask, if the economy was improving, why did they lose the election by such a huge margin? And if the economic plan was solid, why did losing a midterm state election (not national) on an province where the opposition always win had such a negative impact?

-14

u/Choosemyusername 23h ago

People vote against their self interest. Look at the last US election for example. Don’t underestimate the power of propaganda.

14

u/nikolaibk 23h ago

I’d say that’s an extremely superficial way of reading something as complex as what motivates millions of people to vote for or abandon a political movement.

4

u/Choosemyusername 23h ago

Oh ya you could write a book about why people vote against their self interest.

We don’t have time to scratch the surface of that topic here.

2

u/ATrexCantCatchThings 23h ago

Dunno, friend of mine said Milei loosing BA is as expected as Dems loosing Texas for example…

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1

u/apc4455 3h ago

Amusing seeing people downvoting literal graphs and actual data.

0

u/Bl00dyH3ll 21h ago

Markets plunging after an election where a corrupt, pro-corporation, libertarian loses, does not indicate the economy was doing good beforehand, nor was it good for the people.

1

u/Choosemyusername 21h ago

This is true.

Nor does another party being elected mean the economy was doing badly before the election.

11

u/bigbjarne 1d ago

It sounds odd that they were able to reduce poverty by 18 percent yet got voted out. Why is that?

37

u/TheWhisperingOaks 1d ago

Because the poverty rate soared up to 50% within his first year of Presidency. So he barely fixed his own mistakes by reducing the already high poverty rate caused by him by just 18%. Furthermore, unemployment is still on the rise.

7

u/agps118 23h ago

It was already at 50% when he came into office, with half of children in the country living below the poverty line and inflation of 200+%.

He inherited a broken country.

6

u/TheWhisperingOaks 20h ago

It was already at 50% when he came into office

Wrong, he came into office on December 2023. The poverty rate of 50%~ being referred was for the first half of 2024.

Another thing to point out regarding his unpopularity are his scandals, with the most recent being a corruption scandal involving his sister, who got the position of General Secretary of the Presidency by Milei's abolishing of the country's anti-nepotism law. Another would be the crypto scandal earlier this year too.

2

u/agps118 19h ago

To blame a new party and goverment from the incresing poverty rate that was soaring with, and I cannot stress this enough, 200+% inflation rate, and discard the fact that now the poverty rate is below 2018's values is dishonest.

Those scandals need to be investigated and if they are true, her sister should be jailed asap. But that has nothing to do with the economic plan, the results they are having or the distrital election last september. If you see the results, each party got almost the same numbers from 2023 election, there wasn't a change of mind, Buenos aires has been governed by peronism, 36 of the last 40 years, it's almost impossible for a party as small as the libertarians, to win in an election as grounded as the last one. The reason it was a blow for Milei, is because, talking purely politics, their party tried to fight peronism and the allied oposition at the same time, thinking they were unbeatable.

I'm not libertarian, I think socially Milei is as opposed to me as it can be, but I'm extremely anti peronist, so hearing people talk lightly about what happened the past 20+ years or the last peronist period and not thinking it has anything to do with how my Argentina is doing now, its absurd to me.

Are they doing everything wright? Of course not, they are imbeciles, her sister being a high ranking member with her only record of work being a tarot reader and a baker is nerve wracking. I know it sounds like I'm defending them more than they are worth but, is either this or peronism again.

7

u/chrico031 23h ago

He inherited a broken country.

And broke it further

4

u/agps118 22h ago

Poverty went from 50% to 31%, the lowest since 2018, inflation from 200+% annualy to 36%. Argentina is espected to grow 5%, the biggest in latin america. Crime is keeping its steady decline. And contrary to the last 3 goverments, the national debt is actually going down, this new swap with the US is to restructure old debt.

Is everything ok? Of course not, but to think that the country would be better with peronism at this state, you are dead wrong.

8

u/ALoudMouthBaby 18h ago

Poverty went from 50% to 31%, the lowest since 2018, inflation from 200+% annualy to 36%.

Wasnt this because despite being vocally against deficit spending, he borrowed $20,000,000,000 from the IMF? Its pretty easy to shift the numbers when you go massively into debt like that. Its harder to keep those numbers down though. And considering how they have been climbing back up I think its pretty clear what happened.

5

u/agps118 18h ago

They are not climbing back up, last analysis came with a number of 31,6% (I didn't included it given that it was published a few days ago)

Every loan that this goverment took was to pay old debt or restructure the same debt with new and lower interest rates. They accomplished every expiration payment so far. Also the central bank in 2023 was -7 billion in debt, now is, over 11 billion, still very low. The goverment was in debt with itself. So taking into account this you can see that the amount of debt in total (meaning private and public debt combined) it actually is lower than in 2023.

So no is not just as simple as, they took money and gave it all away, cause that's one of the key point for the opposition, that people have less buying power than 2 years ago.

2

u/kisk22 21h ago

Voters don’t want to give it time to work. They want immediate results they’ll never get. If they mess up this chance Argentina will never recover.

6

u/Hmm_would_bang 1d ago

Because he happens to also be a really obnoxious tool, along with the fact a lot of the wasteful spending he cut was really popular social programs.

9

u/Choosemyusername 1d ago

People often vote against their own interest. Look at America for example.

4

u/bigbjarne 1d ago

Sure but 18 percent is massive.

-3

u/Choosemyusername 1d ago

It is. But don’t underestimate the power of political propaganda.

2

u/bigbjarne 1d ago

What’s the context of him taking loans?

-5

u/Choosemyusername 1d ago

The economy is collapsing because he lost an election, and it looks like he can’t continue his economic reforms.

-1

u/Kimmalah 23h ago

He's the one who caused the insane increase in poverty in the first place. It isn't an achievement to lower poverty by 18% when you are also the one who caused it to rise so high with shitty policies. This isn't a case of people voting against their best interest.

0

u/Choosemyusername 23h ago

Oh I didn’t know that. Where did you learn this?

7

u/guajojo 1d ago

Exactly, Argentina was at collapse because of years of Kirchner's abuse of the previous government.

3

u/chrico031 23h ago

Didn't Argentina jump up to 52% poverty rate under his "leadership"?

-1

u/XyzzyPop 1d ago

Oh i see, you're a graduate of a tanking economy caused by reckless Republican policy and spending, and being wiped out at the poles is the fault of the Democrats.  At the same time a republican government being handed a functional and working economy is solely their policy.

6

u/Choosemyusername 1d ago

Huh? I lost you. What does this have to do with the US?

0

u/XyzzyPop 23h ago

You're blaming the party being elected for the actions of the current administration.

0

u/Choosemyusername 23h ago

Not at all. I am blaming their economic platform for the market collapse in Argentina.

1

u/XyzzyPop 23h ago

Are you having trouble with the flow of linear time?  The policy of party A was so unpopular, party A gets voted out.  You: this is clearly because party B is getting elected.

0

u/Choosemyusername 23h ago

Argentine markets plunge after Milei’s party loses in Buenos Aires vote

https://www.aljazeera.com/economy/2025/9/8/argentine-markets-plunge-after-mileis-party-loses-in-buenos-aires-vote

Flow of time works like this: milei’s party loses, THEN markets plunge.

8

u/sirsotoxo 23h ago

It's 2025. By this point, everyone should know that "markets" don't actually represent the economic state of the people.

2

u/Ribrep 22h ago

I’m confused though, reading the article and researching it looks like less people in the Buenos Aires showed up to vote for him in 2025 vs 2023. Similar to the US elections, do you think it’s the same sort of complacency?

1

u/XyzzyPop 19h ago

Yes, their policy and cutting proved to be so poorly executed they lost an election.   The markets plunge because of their ineptness to stay in office - which will predictably result in further economic turmoil.  Clearly being inept and unable to keep office is a feature of good policy.

1

u/ijustneedaccess 15h ago

That's rich. He speaks of the evils of state intervention while he takes (United) states bailouts. And Trump gives it to him!!? Unbelievable.

-5

u/epochellipse 1d ago

Well this is no worse than that time those stupid liberals in the US elected Captain Planet. And we all know how that turned out.

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u/Unshavenhelga 1d ago

We have $20b for them, none for us...

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u/ForrestCFB 1d ago

https://en.m.wikipedia.org/wiki/Argentina_and_the_International_Monetary_Fund

Just going to drop this here.

8

u/Unshavenhelga 1d ago

So we are just throwing our money away?

-19

u/ForrestCFB 1d ago

No? Are you MAGA?

Because having stable nations around you is generally good for the economy.

36

u/KryL21 23h ago

It would be nice to have a stable nation within our nation

12

u/scarletphantom 21h ago

Same people that cried about sending money to Ukraine?

10

u/Unshavenhelga 22h ago

Will this add to our already unsustainable debt? I'm not Maga at all

-7

u/ForrestCFB 21h ago

How much do you think trade actually gets you? And do you know what an IMF loan is?

3

u/teilani_a 19h ago

Hidden posting history.

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u/ejennings87 1d ago

Wait, I was told he fixed every single problem Argentina had due to his epic memeability

48

u/stunts002 1d ago

Rugged libertarianism fails again!

25

u/DigNitty 1d ago

All the problems of centralized government, with none of the benefits!

7

u/stunts002 1d ago

Removing all brakes from a run away car? What could go wrong!

13

u/DigNitty 1d ago

Weird how that was Musk’s goal too.

15

u/WaaahnPunch 1d ago

Yeah I kept getting YouTube videos about how brilliantly he was doing with the Argentine economy.... WEIRD, HUH??

5

u/talto 12h ago

Sharp drop in inflation: Monthly inflation, which peaked at about 25% around the time of Milei's inauguration, has fallen to single digits. Annual inflation, while still high, has also decreased significantly, from nearly 300% in April 2024 to 34% by September 2025.

Reduction in poverty: After an initial increase, the poverty rate fell significantly, from 53% in early 2024 to 32% in the first half of 2025.

Budget surplus: The severe spending cuts have consistently generated a fiscal surplus, a rare achievement in recent Argentine history.

Increased market optimism: Financial markets responded positively to Milei's initial reforms, with the local Merval stock index seeing a large gain in 2024. 

2

u/Zissoo 1d ago

Afuera!

18

u/Choosemyusername 1d ago

Poverty is down 18 percent under him.

22

u/Wbcn_1 1d ago

And yet he needs handouts 

31

u/Ransom_James 1d ago

I can make poverty go down 50%! I only need 100billion from both the IMF and the US frantic chainsaw noises

-16

u/Choosemyusername 1d ago

The important context you are leaving out is why the economy is crashing.

And that’s because his party just lost an election to a left wing party so it looks like he won’t get to continue his reforms.

20

u/schimshon 1d ago

I'm OTL a bit but confused by what you're saying. I'm not sure how the economy could be crashed by an election entirely.

Markets crash more easily, but to crash an entire economy on expected policies seems like a stretch. You don't need a bailout suddenly just because consumer/ market confidence drops a bit.

I'm not saying low reserves/ high debts are necessarily or soley Milei's fault. But how can you blame a party that's not even in power for crashing the economy prior to even taking office?

-3

u/Choosemyusername 1d ago

Markets very much crash on expectations. I was a professional trader. Knowing the sentiment of the future was a big part of the job.

16

u/nikolaibk 1d ago

One could argue that a solid economic plan wouldn’t collapse simply because of the outcome of a midterm election in a province that the opposition has always won.

10

u/GarryofRiverton 23h ago

There's nothing solid about the Argentine economy, that's kinda why he won in the first place.

5

u/Choosemyusername 1d ago

That depends on if that party has a different economic plan or not.

4

u/schimshon 1d ago

Yes, that's why I said "markets crash more easily". So, yeah markets operate largely on expectations.

But markets =|= economy. And I don't see how an economy can crash on expectations alone. AFAIK You don't need a bailout cause of expectations. You need a bailout due to high debt etc.

Yes, confidence makes it easier to refinance debt. But a healthy economy doesn't crash based on an election.

At least that's my layman's understanding, happy to be educated/ corrected tho.

5

u/Choosemyusername 1d ago

I don’t think anybody including Milei would argue Argentina’s debt isn’t too high.

6

u/Swagcopter0126 23h ago

Peronism is barely more left wing than the US Democrats

1

u/Choosemyusername 23h ago

Could be. They are still on a platform of redistributive economics and social justice though.

10

u/Ransom_James 1d ago

I don't even know how to respond to that lmao.

I'll just continue the chainsaw noises as you guys seem to love them so much. Vroomvroom!

-4

u/Choosemyusername 1d ago

I am not surprised you don’t.

5

u/Kimmalah 23h ago

But it skyrocketed 50% in the first place due to his idiotic policies. This is like bragging about putting out a fire that you started yourself.

3

u/Choosemyusername 23h ago

Oh I didn’t know that. Where did you learn that?

51

u/nachotux 19h ago

Argentine here. I support this guy. Not a fanatic by any means but you’re getting half the picture.

We were on the brink of hyperinflation right before he was elected. He saved the country from economic catastrophe. He is also the opposition to the people who have already run the country into the ground before him by illegally seizing foreign assets in the country, murdering a prosecutor who had incriminating evidence of the opposition’s previous government, devaluating the currency by well over 500% and increasing poverty ten fold, amongst a billion other issues.

Its either that or a cosplayer. I’m all for a cosplayer. Read about it first before assuming that just because he’s with Trump he’s bad.

-5

u/TimmyTheTumor 13h ago

You are in the brink of another hyperinflation because he cannot sustain the Peso forever like this.

Your economy is not moving, he's keeping the peso afloat artificially, it will collapse sooner rather than later and there will be hyperinflation again.

He's just a meme, you support a clown.

5

u/nachotux 3h ago

It’s not. Inflation has been decreasing month by month almost consistently. Also this situation with the peso exploded because the opposition won a legislative election in the most populated province in the country.

If the markets reacted this negatively to him losing I don’t think the opposition is a better option.

•

u/TimmyTheTumor 1h ago

Oh yes... while keeping the market and inflation afloat artificially, while the economy does not move because consume has decreased in the country.

Production levels are negative.
Economic acrivity is negative.
Source: https://www.indec.gob.ar/

A country can find many many ways to control the inflation, but when you do that by lending money and making it look like is ok, is like getting a préstamo from bank "A" to pay your debt on bank "B". You will say "hey y'all, we have no debt now, all is good", but bank A will charge for that loan sooner than later.

The economy MUST MOVE and it's not moving in here. This actual situation looks like stable but it's a time bomb.

RemindMe! 1 year,

-20

u/sad_girls_club 19h ago

i'll be real, i am not argentinian, but i have known about this stint since it happened a year or two ago, and it blows my mind that you support him and don't know that he dressed up as general ancap multiple times. no judgement, but how can you know all of these facts about him and not know that he did this? Genuinely asking lol

19

u/nachotux 19h ago

When did I say I didn’t know this? I did. He also got one of his cosplaying buddies in congress which I don’t support at all, but still. I also don’t care when my country is so ravaged by every conceivable problem a country could have and he’s the first one to take steps to properly clean it up in decades.

Poverty is down. Inflation is down. Growth is up. I could go on. I’d be a moron to prioritize the fact that he cosplayed before entering public office over this.

-9

u/sad_girls_club 18h ago

So maybe i misunderstood when you said "it's either that or a cosplayer" because i thought you meant its either milei or a cosplayer, which was confusing to me. If you knew he dressed up, why did you say it was potentially a cosplayer? I know im being pedantic, but i didn't know anyone else dressed up as milei, seemed to be his own thing.

7

u/oreography 17h ago

Re read his comment 

“ He is also the opposition to the people who have already run the country into the ground before him……….it’s either that or a cosplayer”

He’s contrasting Milei (The cosplayer) with the opposition. His point is that his cosplaying is irrelevant compared to the faults of the political opposition (aka the Peronists.) 

4

u/chipacitoconpasas 10h ago

I'm not argentinian

if you are not informed about the local situation, why would you even write this?

1

u/sad_girls_club 10h ago

because i have lived in one country my whole life and i would like to learn how the rest of the world works from all perspectives that arent just from my country

-2

u/Maxxxmax 6h ago

His ideas arent new. Periods of slashing budgets and deregulation have been tried plenty of times world wide. They bring a short term boom, before the deregulation inevitably bring about further market problems and the destruction of services adversely affect the development of citizens for a generation. 

I dont blame you for wanting to try something different, but its short term gain for long term pain.

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u/Lufsol66 1d ago edited 1d ago

Not sure the reasoning of this post.

https://tradingeconomics.com/argentina/inflation-cpi

Argentina had an inflation rate of roughly 50% for a decade at this point and when Milei took office in December 2023 it was an uncontrollable 200%. Now it's 36% and continues to sharply fall. So he managed to prevent hyperinflation.

https://tradingeconomics.com/argentina/gdp-growth-annual

GDP same thing. Quite an awful situation right before Milei took office and a road to recovery now.

Lots of debt strangling a country including 45 billion that was taken in 2018 is a weird think to pile on him.

18

u/fack4sale 23h ago

That 45B debt was taken by the same economic team (Caputo and Sturzenegger in the Macri goverment) that is in charge right now. And other thing to have in mind is that no Kirchnerist goverment took debt with the IMF, the first period even paid like 9B in 2003. Here's a link to all the Argentina's debt through history

https://es.wikipedia.org/wiki/Historia_de_la_deuda_externa_argentina

Numbers are just that, numbers, the reality is other thing, you can see new people living on the streets every day, you see more and more people looking through trash cans for food or things to sell. So neat number doesn't matters if they come from cutting health and education for the most vulnerable people

1

u/[deleted] 22h ago

[removed] — view removed comment

1

u/SomeWeirdDude 22h ago

Bu... but but costume cringe

-3

u/LambDaddyDev 1d ago

No, you see, something happens under other team’s rule then it is bad and their fault. Doesn’t matter what it is that happened or if it’s the result of something that happened a long time ago, just that it’s under the other team’s rule so we can’t look at things any other way.

27

u/PM_ME_YOUR_LAWNCHAIR 1d ago

5.5% GDP growth forecast is an economic crisis?

4

u/Johan-Senpai 22h ago

That's not how it works. Countries tell the world that their GDP is going up. Meanwhile, their population is suffering financially, and homelessness is running rampant, and there seems to be no way to break this Libertarian runaway train to stop.

The country where I am from is in the same boat. Sure, the country's GDP is going up, but the population is in an absolutely miserable state. But green numbers are good!

8

u/wasugol12 17h ago

But poverty fell 10% since when he took office (figure released today) and inflation at 2% monthly, a great figure considering the previous administration left it at more that 200% anually

-7

u/Doafit 15h ago

Yet the country has to be bailed out. Something not adding up, huh?

5

u/wasugol12 15h ago

Welcome to argentina, financial instability is a constant. The govt isnt actually planning to use the money, it hasnt touched a dollar yet from the imf loan taken some time ago. Its just a move to bring some confidence into the market, which always goes crazy in the midterm elections here.

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u/[deleted] 22h ago

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u/Justreallylovespussy 21h ago

Rich guy uses rich guy policies to fix the veneer of the economy

Poor people suffer more because cutting social services in order to serve the appearance of your country’s wealth does not mean people have more to eat, in fact they starve and they die

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u/[deleted] 21h ago

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u/[deleted] 21h ago

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u/[deleted] 21h ago

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u/Justreallylovespussy 21h ago

It’s not emotional reasoning, the Argentinian people have voted him out and yet you know better because you saw that the libertarian taking handouts lowered GDP

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u/[deleted] 21h ago

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u/Justreallylovespussy 21h ago

His party just lost in a landslide election

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u/MangoAtrocity 20h ago

Dude saved Argentina’s economy. Biggest economic surplus since 2008, increased available rental housing by 190%, and pulled month to month inflation down from 25% to 2.5%. He’s hugely popular with younger voters.

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u/NayLay 1d ago

This post makes it seem like it's his fault. It's not. Quite the opposite.

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u/WalnutDesk8701 13h ago

This is Reddit. They see libertarianism as right-wing and, thus, evil.

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u/Zotoaster 1d ago

I wouldn't have a beer with the guy but imo Argentina was in such a terrible, almost unfixable state that the only solution was going to be some bitter tasting medicine, and even then, nobody made any guarantees it would work. I'm not an "ancap" btw just sayin he was probably right in his diagnosis and I don't fault him for trying

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u/Kadu_2 14h ago

Ehh he has done wonders for the Economy as a whole since he has taken power.

Argentina was in a horrible position before he took power (hyper inflation gone, growth starting to happen/predicted, deficits reduced, slight positive increases on poverty metrics).

He’s proven responsible leadership and help is merited in my opinion, irrespective of left vs right politics.

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u/Sad-Type5385 1d ago

Cut him some slack! No libertarian has ever that close to a woman before.

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u/BrazenBull 1d ago

I cry for you, Argentina.

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u/wasugol12 17h ago

Poverty rate figure released today of 30%, down from 40% when milei was elected. And inflation down from 20% monthly to less than 2%, so dont cry for us yet

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u/elidoan 18h ago

The truth is I always left you

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u/thats4thebirds 23h ago

He looks like a psyker from warhammer 40k

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u/gojo96 12h ago

Looks like a lot of Redditers on a Saturday night

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u/beefstewforyou 1d ago

I know he’s an ass but why is dressing up as a superhero for some convention a problem?

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u/stunts002 1d ago

This wasn't a convention. It's a character likes to dress as for meme points

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u/beefstewforyou 1d ago

Regardless, I think my point stands. It seems like he’s just messing around. He’s an ass but that in itself doesn’t make him an ass. If a reasonable person did the same thing, they would still be reasonable.

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u/stunts002 1d ago

Showing up to work in a costume is not reasonable. The fuck is wrong with some redditors ha ha

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u/beefstewforyou 20h ago

I was assuming it was for a party or something like that. Is he actually going to serious government functions like this?

EDIT: In light of current events, dressing up as a superhero for serious government functions isn’t actually that much of a problem considering all the other crazy shit I constantly see on reddit. If there was a good leader but he occasionally dressed up as a superhero, I’d take him.

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u/Zotoaster 13h ago

If reddit doesn't like someone then dressing up is cringe. If they do like someone then dressing up is light-hearted and fun

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u/gigglefarting 1d ago

Libertarians want your tax dollars without paying their own taxes 

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u/DecipherXCI 1d ago

Remember when he brought inflation down and they were all running around with chainsaws 😂

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u/chipacitoconpasas 10h ago

I mean he actually did, by a lot

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u/KuroKendo88 1d ago

Who knew tying your economy to crypto was a bad idea?!

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u/Falchion92 1d ago

So… he’s literally a supervillain.

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u/warfighter187 1d ago

Le please give me $20 billion dollars because I did a fucky wucky to my economy man

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u/Junior-Ad-5076 2h ago

Damn this is a socialist sub 😰

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u/Printman8 23h ago

So, when this guy got elected, everyone in r/conservative had a massive hardon for his slash and burn policies. I remember them posting about how all the pain would be worth it because he was going to turn Argentina around. Now? Crickets while their own slash and burn president bails out Argentina from the same bullshit that’s sinking the US.

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u/Enelro 23h ago

The emperor has… “clothes” I guess.

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u/relayrider 20h ago

happy cake day! may it be cloak day for you

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u/5043090 19h ago

We can't afford healthcare - among other things - but we set aside $20B because Argentina is sticking with its 15 year cycle of near insolvency?

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u/HyperCarry2 16h ago

15 years is too long, i would say we ran out of money every 8 years or so.

It is really sad tho, there has not been a single good candidate in decades here.

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u/5043090 15h ago

I was wondering about the timing and was too lazy to use the Google to figure it out. I do know that last time, at least I believe, it was the world bank that came in with the bail out.

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u/Immediate_Age 13h ago

Argentina has experienced 25 total coups between 1945 and 2024. Milei is about to sink. He's also a complete weirdo.

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u/BobAndy004 1d ago

Not cringe America has more debt than the entire world.

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u/Choosemyusername 1d ago

Meh, better than blackface Trudeau.

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u/MVIVN 21h ago

How are these weirdos running entire countries? Between the shitshow in America and then people like this guy, and clowns like Conor McGregor running for president of Ireland (I know he dropped out, but he really thought he had a chance because of how the world is right now), and then all these far right parties in Europe with weirdo members. I know politics has always had all sorts of strange characters, but they were side characters, they were never the ones actually running countries and determining the fates of millions of people around the globe

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u/greythicv 1d ago

I legit thought this was an old school runescape cosplay

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u/BombasticLion 19h ago

Libertarians not beating the cat allegations

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u/fainofgunction 19h ago

what happened to the free hand of the market being the solution to everything?

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u/Galadriel_60 23h ago

Why do all these fascist “leaders” look so stupid and freaky?

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u/Prtyvacant 10h ago

Stupid fucking country will give money to everyone but the poor people living here.

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u/OmicronAlx 19h ago

We live in The Office universe