Argentina

  Javier Milei war mit einem revolutionären Programm angetreten. Er wollte die Ideen der Freiheit, die Ideen der Österreichischen Schule anwenden, den Argentiniern ihre Freiheit zurückbringen, den Staat, als Problem, bekämpfen, die Politikkaste beschneiden, mit der Kettensäge Regulierungen und Staatsausgaben verringern, die Zentralbank abschaffen und Argentinien zum freiesten Land der Welt machen. Die Etatisten und […]

  The last few weeks have shown a classic of the Argentine economy: the need (or urgency) for an agreement with the IMF to avoid an exchange rate crisis and (in theory) eliminate exchange restrictions. There is talk of a $20 billion loan. Argentina continues to ask international markets for an expensive financial respirator. What […]

  The issue of peso appreciation in Argentina has been a growing concern since the beginning of the new government. The current monetary policy has chosen a monthly depreciation of 2% of the exchange rate in the face of inflation that has not yet converged to those levels. From the beginning, this spread has raised […]

  On the campaign trail, now-President Javier Milei promised to replace Argentina’s peso with the US dollar. But, at least so far, he has failed to deliver on that promise. Instead, Milei has implemented a transition plan with the expectation of eventually establishing a more permanent monetary system, which might be something less than full-scale […]

  A country with a unique record of poor policies revealing the damaging effects of price controls has just demonstrated how effective their removal can be. In 2020, the Argentine Congress passed a new rent regulation, promoted by Representative Daniel Lipovetzky (Cambiemos). The “Lipovetzky Law” introduced three major features: it extended the minimum lease term from […]