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He should stick to the real and immediate issues. And leave any attempts at idealogical indulgence on non-economic issues until at least a second term. I suspect this whole omnibus/ congress debacle was simply a planned Plan B in order to generate "enemies of the people" who will be made...

And the Uruguayan state doesn't have incentives, financial aid, an innovation department and policies of its own? https://www.uruguayxxi.gub.uy/es/quiero-invertir/plataformas-de-negocio/innovacion-1/ https://www.gub.uy/tramites/apoyo-emprendimientos-productivos...

My crystal ball: We will go bi-monetary long before we actually "dollarize". I suspect we will get stuck in a bi-monetary system indefinitely and it will be given spin-treatment to pass it off as a political victory as prices will be more stable and real wages will be higher as a result and...

Switzerland is in the heart of Europe, which as a bloc is one of the world's largest markets. Uruguay is surrounded by two protectionist and somewhat closed economies with strong local manufacturing to compete with. It is miles away from the nearest "free" markets of scale without easy transport...

And in Colombia it is still cheaper (or similar) to buy a car, all of which are imported, than in Argentina or Uruguay. You blame the "free market" for Uruguay being expensive and suggest it would be better off just copying Argentina economic policies. In this magical fantastical vision, where...

A free market or a small market of only 3.000.000 at the ass end of the world? Ah yes, if only FIAT had multi-million dollar factories and import controls to churn out Cronuses in their tens of thousands for Uruguayos in Uruguay…

Scandinavians don’t usually see it as paying for “your” social services, they see it paying for “my” social services. The key difference with governments that focus on “redistribution” of wealth versus Nordic models is that in Nordic countries what people put in to the hat they also get back. It...

Coming from such a country, if it has the money (like actually has the wealth behind its money or otherwise can live within its means with a sustainable economy) then it is not that hard but nor is it that fast. Social investment with economic freedom tends to be the natural consequence of a...

It’s kinda ironic that they were against dollarization (or more to the point, free competition of currency) and now they are inventing their own currency. It also sums up how populist Argentine politics actually work, if you can’t actually afford what you promise - a state that is the be-all and...

Where abouts in the conurbano do you happen to live and which tall-ship did you sail in on?

Your question. Your answer. You're welcome.

No one is suggesting that it would prevent taxes or expropriations. If anything it will improve tax efficiency since its expenses (and debts) will be covered in the same currency as collected without the distortion factor (e.g. if you have paid Argentine taxes on foreign assets or income you...

Macri also used to fly commercial long-haul (Air France too, if I recall) What struck me as kind of interesting as that despite flying Lufthansa, that has a much nicer First Class cabin, the head of state opted "only" to go in Business Class. And would imagine that Lufthansa would offer an...

It has actually not been tried before and not the same as pegging the peso to the dollar. Nor is it a carbon copy of the Menem plan who focused on growing the size (and thus expenses) of the state and not shrinking the size of the state as per the Milei plan. Convertability meant that Argentina...

Milei is already proposing freedom to do business and transact in whatever currency individuals and businesses agree between themselves to transact. That is already part of the DNU currently before congress, along with hundereds of other law changes allegedly designed to "fix" the overall...

Dolarization is simply a tool to avoid successive Argentine governments printing money to cover spending deficits and thus ensure economic stability for people and businesses alike. Logic goes that where there is stability, there is more room for real growth. It essentially forces the government...

And how is that different to Argentina up until now where the governments (plural) steal from people through devaluations and printing money to cover spending deficits leading to inflation and currency distortions? All those little pesos floating around are borrowed money too. Why the double...

No idea about the AFIP part. Even if they don't have questions, your bank most likely will at some point if the amounts are substantial or frequent in which case they will ask you to declare the origins of these funds and provide evidence to support that (like a bank statement) etc. But there...

Don't worry I don't take your words for that of a union guy. But I do not think that blaming Milei or these specific reforms for the current (or near future) state of Argentine labor conditions or a Bangladesh-esque trajectory is fair or makes any sense at all. Completely agree that there...

For more than 6.000.000 Argentine workers already long-since working en-negro at average wages actually pretty comparable to average wages in Bangladesh, I guess they are already there. Take away the incentives for both the employee and employer to have a relationship “en-negro” and it simply...