Less seethe in the actual Argentinian sub: https://old.reddit.com/r/argentina/comments/1cn7hbz/milei_is_already_proving_the_leftwing_economic/?sort=controversial

!chuds foid shocked at seeing mayos in argentina

Argentina has historically been a country of failed governments, economic collapses, and debt defaults. Yet incredibly there are signs that – against all the odds – the bold, free market reforms of its libertarian President Javier Milei are beginning to work.

With inflation falling, interest rates coming down, and the Peso on fire in one market, Milei is already proving the global Left-wing economic establishment – addicted to bigger government and endless deficits – wrong. Indeed, it may provide a template for other countries to escape from zero growth.

First, what's changed in the country: inflation has fallen to 11pc and Milei predicts it will fall further. While a monthly figure (this is Argentina after all), price rises may be coming back under control after soaring above 300pc annually.

Argentina's economic growth has been volatile

Real GDP annual change

Last week, Milei announced that the country had recorded its first quarterly budget surplus since 2008, a modest 0.2pc of GDP, but still an astonishing achievement in such a short space of time, especially for a country that has run deficits for 113 of the last 123 years.

Then, earlier this week, the central bank, which Milei has not yet gotten around to abolishing as he pledged, cut interest rates for the third time in three weeks. While they are still at an eye-watering 50pc, that will start to feed through into the economy very soon. Investors have started to notice.

According to Bloomberg data, in the blue-chip swap market the Peso was the best-performing currency in the world in the first quarter of this year, and the bond markets are rallying as well.

It may also get better over the months ahead. With stabilising prices, and a rising currency, investment should start flowing again into a country rich in natural resources and hyper-competitive on wages costs.

If Milei can make good on his promise to unlock the country's vast reserves of shale oil and gas – using technologies that have proved safe and successful in the US – then the economy could even start to boom.

If so, Argentina would be defying a global economic establishment addicted to bigger government, more regulation, and rising deficits.

We keep being lectured, not least by the shadow chancellor Rachel Reeves, and by President Biden and his acolytes in the United States, on the need for an active state, an industrial strategy, and more borrowing to pay for investment, and that regulation is the key to industrial and economic leadership, not its enemy.

The IMF, meanwhile, was too often a huge cheerleader for the failed Argentinian administrations of the past, extending the biggest loans in its history to the country.

On Milei's election, he was dismissed as a madman who would be removed from office within a matter of months, if not weeks. In proving that narrative wrong, he would show that even after the short-lived catastrophe of the Liz Truss government, free market reforms are far from impossible.

So how is he en route to deliver such a massive shock to the stale economic orthodoxy? Fundamentally, he got three big calls right.

First, even without a majority in parliament, he has been ruthless. Whole government departments have been closed down overnight, regardless of the immediate consequences. The Ministry of Culture was axed, so was the anti-discrimination agency, and the state-owned news service. Only last month, he unveiled plans to fire another 70,000 state employees.

Milei hasn't attempted to cut gradually, to control budgets, or to ease people out with early retirement, or hiring freezes. Instead, he has, as promised, taken a ‘chainsaw' to the machinery of the state, yielding huge savings in the process.

Next, he has been bold. The president massively devalued the peso on day one, taking the financial hit upfront, and then tore up rent controls, price restrictions and state subsidies. He pared back workers' rights, reducing maternity leave and severance compensation, and allowed companies to fire workers who went on strike.

He ripped away fuel subsidies, even though it meant a temporary spike in inflation. Sure, there has been some short-term pain, but the results are now becoming evident.

Rents, for example, are falling by 20pc a year as landlords, freed from controls, put more supply on the market, instead of withdrawing it as they do in countries where the price is set by the government.

Finally, Milei has never stopped making the argument. He promotes freedom, liberalisation and a smaller state with a messianic zeal.

Many of the measures he has taken might be rough, but the president has never attempted to dismiss that, instead explaining patiently and persistently why the reforms are justified, and how they will create greater prosperity for everyone in the long run.

Much of the developed world, and the UK in particular, are gradually slipping into Argentinian-style stagnation before Milei came along.

Governments are hooked on subsidies and price controls, trying to buy their way out of every challenge with higher spending. Deficits are allowed to rise relentlessly, with no meaningful plan for ever bringing them down again. A corrupt, crony capitalism is allowed to flourish, killing competition.

But the Argentine leader is providing a blueprint for how to break free. The global economic elite keeps lecturing us on why we need more government and a more powerful state despite the painful lack of results. Argentina is challenging it in dramatic fashion.

It is just possible that it is starting to work.

Most Based Comments

Basedness: 🔥🔥🔥🔘🔘

When we'll get the gameplay duh im tired of these posts (2)

When we get the gameplay duh what? I don't need to see gameplay to know how to build her, I can read her kit and make my own determinations. If you don't like people discussing Sam on the Sam subreddit then step to another sub (-9)

Basedness: 🔥🔘🔘🔘🔘

yeah i don't know why people are trying to force crit play style, i've seen it with other characters too. i personally find new play styles fun and they keep the game fresh (5)

bc superbreak fly sucks butt. it lows her ceiling then why would anyone play ff over boothill. she looks like a boothill wannabe when hybrid is her identity. thats why they divided 250/360 too.critfly is easy to play ditch hmc and use 2/2 atk set and get 250 be. that way u get 180 speed and get 80% crit rate with misha lc. (-1)

Basedness: 🔥🔘🔘🔘🔘

Do guys realize multipliers aren't the sole reason that makes crit good but also the dmg% and/or crit buffs in the kit… of which firefly has none (2)

In addition to high multipliers, FF also has high base attack, self speed boost, self 2 turn energy regen, def shred, and weakness implant (ie res shred). All of which are multipliers for a crit build. With high BE for added effect. You're right that she doesn't have dmg% or crit buffs in the kit. She just has everything else. (0)

Angriest Comments

Angriness: 😡😡🔘🔘🔘

To me people insisting on going Critfly over hitting BE breakpoint is the equivalent of if Dhil mains insisted on going Break build just because his 3BA has the highest non-ult toughness damage in the game. "You can keep breaking with dhil bro trust, join the darkside" (39)

300% break DHIL to stall the enemies in G&G for my superbreak damage My goals are beyond your understanding (7)

Angriness: 😡😡🔘🔘🔘

im just curious if sam does damage mainly by break then why does he have such high multipliers on attacks? wouldnt boothill be better since he's just all out breaking? (4)

Angriness: 😡😡🔘🔘🔘

In addition to high multipliers, FF also has high base attack, self speed boost, self 2 turn energy regen, def shred, and weakness implant (ie res shred). All of which are multipliers for a crit build. With high BE for added effect. You're right that she doesn't have dmg% or crit buffs in the kit. She just has everything else. (0)

If only it were that simple…. 1) to meet the conditions to access the def shred you need at least 250 Break effect, which is already subtracting from the crit rolls available to you, you're already on the back foot2) def shred and vulnerability multiply your final dmg meaning they scale better the more dmg% and crit you build. If the initial damage in the formula is low af, higher multipliers won't mean anything. I'll paint you a picture 51 is lesser 33. There needs to be a balance between multiplier and dmg%/crit. Or your def shred and vulnerability are just going to be working with peanuts3)2 turn energy Ult to enter enhanced state right, if you build her for crit you just turned her to Jingliu who gets her Enhanced state in 2 turns as well.But your fire Jingliu has no crit rate buff nor self atk buff making it a watered down version with less actions per enhanced state. (3)

Biggest Lolcow: /u/Nunu5617

Score: 🐮🔘🔘🔘🔘

Number of comments: 4

Average angriness: 🔘🔘🔘🔘🔘

Maximum angriness: 😡😡🔘🔘🔘

Minimum angriness: 🔘🔘🔘🔘🔘

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