Inflation Near 140% Boosts Far-Right In Argentina

Reuters reports:

The South American nation, the region’s no. 2 economy and a major grains exporter, is facing its worst crisis in decades. Two-fifths of people live in poverty and a looming recession is shaking up Argentina’s presidential election run-off next Sunday.

Rising voter anger is propelling a radical outsider, Javier Milei, the slight favorite in polls to beat economy minister Sergio Massa, the candidate of the ruling Peronist coalition, whose bid has been hobbled by his failure to rein in rising prices.

Annualized inflation, already 138%, is set to rise further when authorities release official data for October on Monday, with the monthly rise alone estimated to be around 10%, down slightly from peaks in August and September.

Read the full article. As you can see below, the US right wing is, of course, behind Milei. The debate below is from last night.