A “dollarized” Argentina is doing well and a “pesofied” Argentina is struggling. Once the enthusiasm about inflation reduction subsides, Argentines will measure the Javier Milei administration depending on where in the social food chain they land. This will be measured by a simple variable: their standards of living vis-à-vis the past and their fellow countrymen. While it … Read more
President Javier Milei’s economic programme is fundamentally anchored in the expectation that Argentina will significantly enhance its export capacity in the years ahead. However, projections tend to perform more effectively in theory than in practice. It is not uncommon for a nation, such as Argentina, to focus solely on its internal affairs, seemingly oblivious to … Read more
Argentine President Javier Milei has declared his intention to submit a bill to Congress that would prohibit the approval of national budgets featuring fiscal deficits. The leader announced his intention to “wall” his austerity measures during a nationwide radio and TV broadcast on Friday night, coinciding with his veto of recently passed Congressional laws aimed … Read more
President Javier Milei on Monday exercised his veto power against a law sanctioned by Congress aimed at enhancing pensions for the elderly and disabled, contending that it would compromise his efforts to achieve fiscal equilibrium in Argentina. It marks the second occasion since August 2024 that Milei, who identifies as a “anarcho-capitalist,” has obstructed a … Read more