We're all rooting for Milei because we recognise how significant his success would be for the rest of the fiat world...

It does and I don't want to under appreciate that. It's just wild how big of a hole the previous regimes dug the country into.

Undisciplined

An inflation rate of 4% per month results in an annual inflation rate of approximately 60.1% when compounded.

It would take approximately 17.67 months for the value of money to halve at a 4% monthly inflation rate.

But the graph suggests they are on the right track...

econ

Argentina’s Recent Inflation Trends Are Proving Hazlitt Right - FEE

398ja

Oh Yes! 
> An inflation rate of 4% per month results in an annual inflation rate of approximately 60.1% when compounded.
It would take approximately 17.67 months for the value of money to halve at a 4% monthly inflation rate.

But the graph suggests they are on the right track...