Overview
- President Javier Milei used his X account to criticize economists who say growth requires higher inflation.
- He dismissed the Phillips Curve, which links inflation with unemployment or economic activity, as outdated and disproven.
- He mocked James Tobin’s model by arguing that Argentina’s long history of high inflation would have turned it into a powerhouse if the idea were valid.
- He warned that such claims shape choices that affect millions of people and urged more care in public arguments.
- Local outlets reported pushback on social media and framed his remarks as part of a wider debate over whether growth can be raised without stoking prices, with no new policy moves noted.