how such a brutal increment didn't cause an instant increment in inflation?... oh yes! Debt payoffs! There's indeed no new money nor new debt, the "monetary expansion" simply being the result of operations that cause existing money to be accounted for, as in this case, existing debt monetization

The most amazing testament to the power of propaganda is the number of people responding to this by insisting Milei isn't printing money or increasing debt, when his own government stats show that all money supply measures have tripled or quadrupled in under 4 years; and what's even more astonishing is that the debt is up even as the peso's official rate has decline by around 75% in under 2 years, which has massively discounted the dollar value of his peso debt. But not enough to offset the massive increased borrowing.