(Bloomberg) -- Argentina’s Economy Ministry announced measures to improve government workers’ salaries and funnel money toward retirees and poorer families, defying an International Monetary Fund appeal earlier this month for the country to spend less.Most Read from BloombergAuto Union Boss Wants 46% Raise, 32-Hour Work Week in ‘War’ Against Detroit CarmakersGoldman Is Selling a Wealth-Advisory Unit to $240 Billion Money ManagerCitadel Vets 69,000 Intern Applicants to Find Next Math GeniusesChin
When has austerity ever worked?
It’s working exactly as it is designed to. Funneling money from the poor to the rich.
It has worked pretty good at increasing the power of the wealthy.