Best regards Hive community. 📊

Javier Milei has undoubtedly become an influential politician worldwide. Either for his controversial opinions or for his strange and extravagant personality.

To give you an idea of the problem, Argentina's inflation in 2023 was 211%. What a developed country generates in half a century, Argentina did in only one year. In the month that Milei took office, inflation was 25%. What a normal country generates in a decade.

In 2004, 1 USD was equal to 2.8 Argentine pesos. Right now, 1 USD is equal to 1265 Argentine pesos. In the last 20 years, our politicians ruined the currency.

For those who do not know, inflation is generated when a government issues currency indiscriminately. In order to finance its expenses. This was the case of Argentina, which, since it spent more than it collected, had to cover the difference with currency issuance. And this was the dynamic in the last 15 years. What led us to this disaster.

What policies did Milei execute?

The first thing the new president did was a brutal cut in public spending. Reducing ministries, eliminating public works, state agencies, etc. This resulted in a fiscal surplus for the first time in many years. Therefore, ending monetary issuance. Since there was no deficit, it was not necessary.

Although inflation cannot be completely eliminated in 9 months, we can already talk about results. Since Milei took office, monthly inflation has gone from 25% to 4%. This is still very high and for any developed country it would be a catastrophe. But for us it represents a relief, we are already at the lowest values of the last 3 years.

We continue to have the highest inflation in the world. The positive thing is that for the fourth consecutive month, year-on-year inflation is going down. And I think this trend is going to continue for a while.

I voted for Milei with the hope that he can solve the country's problems. Honestly, I voted for him with the desire to be able to build a life and a future in my homeland. I would not like to leave my homeland. I don't want to sound dramatic, but Milei was and is the last chance I give to Argentina.

So far I can't complain. I am aware that in 9 months it is not possible to demand drastic changes. However, I am satisfied. For the short time, there are more changes than I expected. I have a good feeling and I believe that Milei can be an example for the world.