@Lady Penny
First or second thing Javier did was get rid of 600,000 or more regulations, he hasn't fixed inflation and stabalised his currency with extra regulations, quite the opposite, every regulation has a cost, these costs are not paid by the companys just the same as taxes are not paid by the companys, regulatory costs and taxes are all paid by the consumer not the companies, this is a big reason why one wants minimal regulations and globally competitive taxes across the board. I also disagree they were proven price gouging but i understand what your saying, i could show you an equal amount of products they make nothing on and not only that a company can and should be allowed to sell a product for whatever price it likes there should be no government say or enforcement of what a business can price it's products or services at, the market sets prices not the dopey Government, if the consumer don't like the price they can shop somewhere else and if we broke up the monopoly/oligopoly of Coles and woolies or whatever the right wording is for them you'd have somewhere else to shop.
All these things though are just symtoms LP, your not getting to the real cause. imo.
The main problem in my honest opinion is that us western nations have willfully misused the issuance of our fiat currencies, this is the real problem, everything else is more like a symtom, it's the underlying cause of all these problems we are experiencing, the value of fiat currencies have always evaporated into fresh air when looking at history, every one of them, not one has stood the test of human controlled time, they have all imploded. When the value of fiat currencies devalue themselves due to ungodly dilution we get across the board inflation, China's inflation is lower than our because they are increasing productivity, deflating the property bubble and not stimulating the economy with as much freshly printed confetti like many have been calling for them to do and like we are still doing at ridiculous levels, however their yuan will still debase just slower than ours at the moment, the Japs are having an awful problem with central bank intervention to prop up the value of their confetti they call the Yen, turkey was worse and Venuz worse again. The pound quite weak too.
Having said this i will also say fiat currencies in theory can actually work but instead of treating them like confetti like our central banks and governments currently do with all the printing and government borrowings and spending, our central banks and government need to treat the fiat currency like it's actually real money instead, this way we would have inflation fall quickly. The one example we are lucky enough to currently have in the world to prove this economic theory is Argentina and Javier's economic policies.
He puts it simply "
If the state does not spend more than it collects and does not issue (money), there is no inflation. This is not magic.
https://finance.yahoo.com/news/milei-announces-argentinas-first-budget-155110814.html
To prove what he says is true with real world data, we already have Javier producing good results after only a few months...link below
" The peso has
soared 25% against the dollar over the past three months in the market, known as the blue-chip swap, that is used by many investors and companies.
That’s more than the gains posted by any of the 148 currencies that Bloomberg tracks against the dollar.
https://finance.yahoo.com/news/javier-milei-sparks-wild-rally-124500585.html
Peso No.1 in the world, it's value gained against everyone else, therfore the amount of goods and services the Peso now buys or the prices of goods and services, especially imported ones are cheaper than they were 3 mths ago, and this like he says isn't magic, it's sensible government and economic policy, it's not magic.
The biggest magic trick in economics i think we've seen is the globalist one, globalism. Unfortunately the exporting of western manufacturing to cheaper wage and cost countries like China seems to have confused the modern economist and they have overated their management skills and intelligence imo thinking that the globalism model was ever going to be sustainable and stay solely under their control. This is now a big problem for them because Globalism as it was no longer exists and in turn this new reality gives us people problems too as the cost of the globalism experiment has to be paid and like all costs be it regulations, taxes, unwise monetary policy and massive government borrowings it's the consumer that always pays the bill, the government can never pay bills for us because it creates no wealth, it gets every cent they waste off us through our taxes and through higher costs of goods and services than need be.
