Milei doubles down on Argentina’s unorthodox currency policy

[MilHojas]

Javier Milei extends bet on Argentina’s unorthodox currency policy

Libertarian leader slows peso’s devaluation in attempt to stamp out inflation

www.ft.com

Archived version

 

[Ries]

So this says Milei’s theories of economics have not worked, so he has to restrict the dollar / peso relationship even more? Only allow 1% moves rather than 2% ? Both of which are much closer to zero than the 100% free trade he promised. And for this he is lauded as “succeeding”?

 

[daveholman]

So this says Milei’s theories of economics have not worked, so he has to restrict the dollar / peso relationship even more? Only allow 1% moves rather than 2% ? Both of which are much closer to zero than the 100% free trade he promised. And for this he is lauded as “succeeding”?

I think what is says is it is going to take more than one year to reverse 100 years of bad governance.

 

[sergio]

I think what is says is it is going to take more than one year to reverse 100 years of bad governance.

Maybe 100 years to resolve? Maybe 200 years? Remember: Patience!

 

[Rich One]

Anything is possible. Milei was awarded the Nobel Prize (Jewish) for his support of the State of Israel.

El presidente Javier Milei obtuvo el "Premio Nobel Judío"

Es la primera vez que este prestigioso reconocimiento de la Fundación Genesis Prize se otorga a un jefe de estado.

www.cronista.com

 

[Ries]

Maybe 100 years to resolve? Maybe 200 years? Remember: Patience!

especially if he is cutting his "fixes" in half after one year. by my calculations, that means it will take him twice as long to "resolve" things.

 

[sergio]

especially if he is cutting his "fixes" in half after one year. by my calculations, that means it will take him twice as long to "resolve" things.

well maybe 300 years. Patience. The Leader knows what he is doing

 

[Quilombo]

Anything is possible. Milei was awarded the Nobel Prize (Jewish) for his support of the State of Israel.

El presidente Javier Milei obtuvo el "Premio Nobel Judío"

Es la primera vez que este prestigioso reconocimiento de la Fundación Genesis Prize se otorga a un jefe de estado.

www.cronista.com

Same vibe:

 

[daveholman]

well maybe 300 years. Patience. The Leader knows what he is doing

I'd say more like 5 years.

 

[lunar]

I'd say more like 5 years.

You are even more optimistic than Milei himself.

Milei: You will see the improvements in 15 years

Spanish: Tengo una buena noticia, en los procesos de convergencia dos tercios de la mejora ocurre en el primer tercio. La mejora la ves en 15 años English: I have good news, in convergence processes two-thirds of the improvement occurs in the first third. You will see the improvements in 15...

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