Milei's "Chainsaw Reform": The Fastest Mass Poverty Reduction in Human History Reducing 5% of GDP deficit in one month Government spending decreased by 30%, economic growth reached 6% Poverty reduced by 20 points, 10 million people lifted out of poverty Deregulation led to commodity prices dropping by 30-40% Below is the conversation of Argentina's National Reform Minister at Harvard recently: 🧵 Video: Milei Cuts Government Departments

Original writing is tiring, don’t forget to like, repost, and share before reading The following is a summary of Stulzenegger’s talk at Harvard Kennedy School of Government: 1. A 50-year decline from a rich country to a poor country When Stulzenegger was born in 1966, Argentina was much richer than Spain! When he was 10 years old, Argentina was still richer than Spain. Spain didn’t surpass Argentina until the mid-1970s. But today? The economic levels of the two countries are no longer comparable.

2. The "class system": the truth behind Argentina's decline When governments create special protections for specific industries, these rents are perpetuated and used to "buy policies" to protect vested interests. This is what Javier Milei calls the "immiserable class model". Since this system was created in the late 1960s: Argentina's per capita economic growth rate has been only 0.5% per year This is one of the worst economic performances in the world

4. Economics textbooks are overturned: austerity actually brings growth! Stulzenegger reveals the truth that economics textbooks never tell you: Large-scale fiscal austerity not only did not lead to economic recession, but stimulated growth! The government reduced spending by 5%, but the economy grew by 6%. Why?

7. Prices fall by 30-40%: Exposing the truth about the monopoly of the rich and powerful Stuerzenegger discloses a series of shocking cases: when the industry is deregulated, the price almost always falls by 30-40%! Take the Argentine yerba mate tea as an example: 96% of Argentine households consume this product But the industry has established a state agency to set prices and restrict competition Even new yerba mate plantings are banned to protect existing producers After these restrictions are lifted:

8. Global government downsizing: Argentina's experiment shocked the world Stulzenegger revealed that this reform is far more than Argentina: this is the beginning of a global movement! Musk was inspired by several conversations with Miley, and this is the roadmap for DOGE (Department of Government Efficiency). IMF Managing Director Georgieva even created a special committee to study deregulation and invited Stulzenegger to participate.