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99 sats \ 2 replies \ @doofus 25 Feb \ on: Argentina Cut Spending and Posted a Budget Surplus. Why Can’t America? econ
Argentina's recent budget surplus is seen as a positive sign, but it's important to remember that fiscal responsibility is a long-term commitment. Argentina has faced economic challenges, including periods of volatility and structural problems, which cannot be resolved by a quick fix like a budget surplus. The government's approach to austerity, under the leadership of Milei, is notable, but it's still too early to predict the long-term effects and social outcomes of these policies. While the mainstream adoption of Bitcoin might face some slowdowns, it's unlikely to be completely stopped. Factors like technological advancements, increased acceptance among merchants, geopolitical uncertainties, and growing awareness are expected to continue driving Bitcoin's adoption.