The currency stuff is a bit of a distraction. The real meat of the economic reform has been in terms of fiscal and regulatory policy. If there are no pegs, the

The currency stuff is a bit of a distraction. The real meat of the economic reform has been in terms of fiscal and regulatory policy. If there are no pegs, then production drives the value of currency. Getting production up is important. Currency being stable helps achieve that goal, because production requires predictability for planning purposes. Although, it cannot be stable if there's no production and high debt. So, the solution to the currency woes is also those same fiscal and regulatory reforms. Any monetary tinkering would be minor by comparison. Milei dramatically cut the budget, cut the number of state employees, and embarked on deregulation, removal of price controls, etc. All of that stuff will dramatically boost production, and that explains 95% of the success. By success, I just mean that it has the potential to bring them from their difficult condition up to something more like the USA. The USA has many problems, such as unaffordability of housing, and their approach will certainly end up producing something similar. But, the overall condition would likely be improved.