this post was submitted on 30 Aug 2023
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Fuck austerity. It doesn't work and the IMF should fucking stop pushing for it.
(it only works to fuck up countries)
Yet Argentina had destroyed their economy for 25 years because they won't act responsible and institute policies of austerity. This just keeps happening to them.
Other countries in the same bed that have ignored austerity policy, Venezuela, Zimbabwe, Sudan...
So ya it is actually a necessity unless your fine with triple digit inflation year after year.
https://en.wikipedia.org/wiki/Austerity#Empirical_considerations
Hammer, see nail.
Feature, not bug.