The problems of Milei, restated

by Tyler Cowen March 29, 2024 at 2:36 am in

Current Affairs

Milei wants to improve Argentina's primary balance by 5.5% of GDP quickly. Almost no IMF program in history did that. The typical program achieves just 1% of GDP in adjustment. Macri tried 4.8% in late 2018 and everything blew up. History will repeat itself. pic.twitter.com/SnihsMdD7t

— Sergi Lanau (@SergiLanauOE) March 27, 2024