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by rodrigobellusci 564 days ago
Regarding you first point, that's expected to change sometime during next year. Let's hope they keep their word.

Personally I don't think it would have been a good idea to let the value of the USD run free. If Milei and co. had done that from day one everyone would have rushed to buy dollars.

My 2 cents: I like that inflation is lower than ever, and hope that it keeps going down. I want our currency and country to be more stable. I want it to be viable, and believe we are on our way to achieving that.

1 comments

> Personally I don't think it would have been a good idea to let the value of the USD run free. If Milei and co. had done that from day one everyone would have rushed to buy dollars.

You are, of course, free to express your opinion. However, the issue I see with your argument is that if a libertarian, pro-Austrian economics government decides to control the USD/ARS exchange rate, it contradicts the principles on which they were elected. This is not what the people voted for.

In Argentina, this pro-Austrian economics government which has severe limitations in terms of law, regulations, and the heavily destroyed general economy of the country, does not have enough freedom to swiftly change things to "what ideally should be".

You have to thoughfully begin to implement changes in order for them to take place in the precise step-by-step order to actually change stuff towards an actual free market economy, and at the same time not just blowing up society's political support.

You cannot just make a jump from 40 to 80% of general poverty promising somewhere in the range from 5 to 15 years they begin to recover their previous economic statuses.

In Argentina, there is even a time constrain: 36 months precisely, after this the society's processes for a general election for presidency begin, and if the current government hasn't achieved enough success in the general population's opinion, one year later, it is not anymore the government.

Hence Milei is just going the fastest he can through the explained process.

I think the people voted a political leadership with enough empaty to understand they cannot just crush the population with free markets policies given the atrocius consequences of doing so without the minimal pre-conditions previously achieved.