Post by @henryfudgeofficial

Argentina’s economy explained. Why was Argentina richer than France and Germany in 1913? Why has the Argentine peso collapsed so many times? Why is Javier Milei carrying a chainsaw? And can his economic reforms finally end Argentina’s century-long cycle of inflation, currency crashes and sovereign defaults? The answer is more complicated than either his supporters or his critics usually admit. This is the history of Argentina’s economy—from British capital and the Pampas, through hyperinflation and repeated defaults, to Milei’s biggest gamble yet: stabilising the country by asking its poorest citizens to bear the heaviest adjustment in the hope that this time the cycle finally breaks. Buckle up. This one’s a deep dive. #argentina #javiermilei #economics #macroeconomics #inequality