I would like to say that in Argentina it will take some time to adapt to the new model that Milei wants to impose but I am totally sure that they will emerge from the pit of socialism... and in a few years not too distant they will emerge as a nation... Honestly, I personally would like something like this to happen in my native country, Venezuela, and for it to once again be a free country with the potential to move forward into the future.

"Magical Millei". These are the words I listened last night on television while watching a report about Argentina.

It's a positive sign, but the annual figures are still alarmingly high – possibly the highest in the world.

Analysts at Credicorp Capital commented: “We have revised downward our inflation estimate for December 2024 to 170.7% from 195.7%.

This is a strong step in the right direction. Is this month over month or year over year?

Has he cut most of the government programs by now? I know he definitely set out for this, so it probably is contributing to the reduced inflation rate.

I'm also very sceptical of politicians. In becoming more sceptical of these inflation data coming out from Argentina.

The overvalued 'super peso' can't keep shining forever. A sudden devaluation of super peso will threaten growth once exporters decide they cannot make money by selling abroad.

Crazy, it's almost as if governments are directly responsible for inflation, that austerity measures can affect it so much, the statist and socialist mind must be borking, wonder what cope they're throwing out round those parts

Well, don't praise much yet. First, that 25% comes after him winning the elections (as the spike in august for the primary). I don't blame him, but that were two exogenous spikes (I mean exogenous from the policies impacts). AND he's delaying things with an expected impact on the inflation numbers, namely ending subsidies for energy and transport, paying due debts, and a few more.

It's important to note that Milei himself explicitly and relentlessly emphasizes to people to never believe nor trust a bureaucrat at anything, and that he is not here to "make the state work right" but to dismantle it for, he insists, "the state can not but to be a burden to people".

A step in the right direction.

I was watching a video about this recently, and although I doubted Javier Milei a lot at first, it seems that he is doing things quite well, we will see how all this continues.

It would be interesting to know first hand from random argentinians how it looks like and if they have noticed any changes. I have met a few travelers and not very happy with current situation.

Expenditure dilution allowed the government to move from deficit to surplus in the non-financial public sector and reduce the overall deficit (fiscal and quasi-fiscal) to less than half. In addition, the fiscal improvement contributed to a significant reduction in monetary financing, well below inflation.

I was skeptical too. You're right. It's really indicative of the climate in the US that the only thing that gets coverage are the protests.