It took Argentina's new president, Javier Milei, around two months to present a budget surplus for the first time in ages. Tens of thousands of unnecessary public jobs have been cut and bureaucracy reduced. This shows that it can be done if you really want to! The sprawling, parasitic state bureaucracy is the biggest obstacle to growth in any society. It absorbs the private sector, the productive forces of a society and grows at the expense of the country's future. If he now takes a chainsaw to the central bank, the country will indeed have embarked on an interesting course.
this territory is moderated
this is great for the government. they are cash flow positive.
how are the people doing with all these changes? i'd imagine there would be some turbulence when such large changes are made.
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The sprawling, parasitic state bureaucracy is the biggest obstacle to growth in any society. It absorbs the private sector, the productive forces of a society and grows at the expense of the country's future.
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bubbleconomics
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