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I know very little about Milei other than a few articles I have read but as someone who has been visiting Argentina on and off for the last 3 years, it does see

I know very little about Milei other than a few articles I have read but as someone who has been visiting Argentina on and off for the last 3 years, it does seem to me he has at least stabilized the currency much more than previous admins? I remember the bluerate for dollars being double the previous almost every time I returned and has now stabilized at around 1200 per dollar. I leave no comment on the rest of his policies but that rate of inflation seemed extremely unsustainable so this is no small feat. https://bluedollar.net/ https://bluedollar.net/ I will admit to being uninformed so if something else is going on here I would like to understand.

ajot 2y ago
Well, that's true, but I think it's based on the economic plan by Caputo. Argentina is very presidentialist and personalist, so everyone thinks this is Milei's doing, but most of the economic measures are done by people from other political party (PRO), with plans that were in the working for at least 2 years for it's candidates. They have nothing to do with what Milei campaigned with.
dysoco 2y ago
The price of the dollar doesn't mean too much, the real cost in USD of living is through the roof and the official inflation index is not reflecting that, what's worse, if your salary is in USD or was tied to USD now you earn even less because they are pegging it so it doesn't go up. Perhaps he did slow down the inflation a bit, sure, but it's easy to cut government spending when you are basically going into debt with your citizens, not paying government salaries, government contracts, etc. Pretty much everyone in the public scientific or health sector has seen their purchasing power slashed to half, and some of those haven't been paid for a couple of months either.
xinayder 2y ago
In 2015 Brazilians could do a lot in Argentina for as low as R$30. Nowadays, buying food costs almost R$120 ($20 in todays rate). Inflation can be stable, but cost of living has gone through the roof for almost a decade now, and Milei managed to speedrun it to a point that a lot of Argentinians are below the line of poverty.
- marcosdumay 2y ago
  Instead, nowadays it's Argentinians that come to Brazil to make a killing at the low prices here. Your local currency having a crazy valuation after your country just fixed hyperinflation isn't anything new. It's kinda of an obligatory stage. It can get fixed quickly enough if you remove the foreign exchange restrictions. As always, how the government reacts now to solve all the disparity that high inflation created is what will tell it's a good government or not. The disparities being there right now isn't... But odds are that now his government will terminate before he can do any real work there.

ajot 2y ago

Well, that's true, but I think it's based on the economic plan by Caputo. Argentina is very presidentialist and personalist, so everyone thinks this is Milei's doing, but most of the economic measures are done by people from other political party (PRO), with plans that were in the working for at least 2 years for it's candidates. They have nothing to do with what Milei campaigned with.

dysoco 2y ago

The price of the dollar doesn't mean too much, the real cost in USD of living is through the roof and the official inflation index is not reflecting that, what's worse, if your salary is in USD or was tied to USD now you earn even less because they are pegging it so it doesn't go up. Perhaps he did slow down the inflation a bit, sure, but it's easy to cut government spending when you are basically going into debt with your citizens, not paying government salaries, government contracts, etc. Pretty much everyone in the public scientific or health sector has seen their purchasing power slashed to half, and some of those haven't been paid for a couple of months either.

xinayder 2y ago

In 2015 Brazilians could do a lot in Argentina for as low as R$30. Nowadays, buying food costs almost R$120 ($20 in todays rate). Inflation can be stable, but cost of living has gone through the roof for almost a decade now, and Milei managed to speedrun it to a point that a lot of Argentinians are below the line of poverty.

marcosdumay 2y ago
Instead, nowadays it's Argentinians that come to Brazil to make a killing at the low prices here. Your local currency having a crazy valuation after your country just fixed hyperinflation isn't anything new. It's kinda of an obligatory stage. It can get fixed quickly enough if you remove the foreign exchange restrictions. As always, how the government reacts now to solve all the disparity that high inflation created is what will tell it's a good government or not. The disparities being there right now isn't... But odds are that now his government will terminate before he can do any real work there.